When I wake up in the morning, everyone is screaming and cursing, right?

Some thoughts on this 413 drop

Once again, I heard that a lot of fans liquidated their positions, some even lost hundreds of thousands, I really feel sorry for your every cent, how can I prevent this from happening? out again? It always has to be 519 or 413 to be impressive, right?

1. Avoid ordering based on emotions

In digital currency trading, never let your emotions guide you. If you place random orders when you are excited, you will be in big trouble. If you want to make money regularly, you must learn to control yourself and stay calm.

1. Set strict stop profit and stop loss levels

You must set stop profit and stop loss levels for yourself. It's like adding salt to cooking, if it's too little it will lose its flavor, but if it's too much it will be salty. Trading is the same, if you earn a certain amount of money then stop, if you lose a certain amount of money then leave, don't be greedy and don't hold on tight. This way, even if the market has sudden large fluctuations, you will not lose too much and your psychology can be well maintained.

2. Do a good job of position management

Location management is also important. Don't throw all your money in, leave some space. Operating with gentle storage so even if a problem occurs, you can make timely adjustments and not suddenly capsize.

3. Combine leverage ratio with stop loss ratio

Let's talk about leverage. Leverage can increase your profits but it can also increase your risk. So you have to be careful when using leverage and don't increase it too high just to make more money. It should be determined according to your stop loss ratio, so that even if the market fluctuates a little, you can still hold out.

Cryptocurrency trading is like driving a car, you have to be steady. Don't rush to accelerate or apply the brakes. Control your speed and maintain good direction so you can drive further and earn more money. Slowly developing good trading habits, you will become more and more confident and feel more comfortable.#bitcoin #Binance $BTC