Five iron laws for cryptocurrency trading! All of them are useful information! ! ! [Learn, understand, do, and you will be great]

Trump can't save you, Musk can't save you, Powell can't save you, Amen can't save you, and Amitabha can't save you... Only you can save you. Understand these five iron laws with your heart, and you will be enlightened and sublimated!

1. About holding positions

You can't hold a good position, and don't hold a bad position. If you can't let the profit run, at least don't let the loss run.

2. About positions

Many people are promoting magical technical positions. In fact, the magic is never the technical position, but the position. Knowing when to use a large position solves the core problem in trading. There is no rush for long-term, and each order should not exceed one-tenth of the position. The only reason for short-term entry is that the market is strong. Making money depends on the market, not on your ability. Slow market half a beat, slow is fast.

3. About trends

Being an enemy of the trend is dangerous, and being a friend of the trend is fatal. You are using the trend, and the trend is also using you. The essence of the bullish trend is to bring you to a high position, make you feel good about yourself, and buy the order at the same time. Dealing with the trend is like fighting with a master, and you need to keep a clear mind at all times. You can wait until the trend is established before entering the market, but you must not wait until the trend breaks before leaving the market, then it will be too late. You can enter the market slowly, but you must leave the market quickly.

4. About stop-profit

Sometimes you sell too early, sometimes too late, how can you sell just right? Don't waste time on such unanswered questions. Many people pursue the high point of selling. A world-class trading master said: "I made money by selling too early." Several stop-profit methods that I personally agree with.

1) The next day settlement method, stop when you see good the next day.

2) The first-line understanding method, no negative line, no shipment, stop profit when you see the negative line.

3) The stop-profit method without a new high, stop profit when the highest price and closing price do not reach a new high.

4) The method of stopping profit when the moving average is broken refers to the general principle of stopping profit when a certain moving average is broken. Strict entry and loose exit, strict buying point and loose selling point.

5. About stop loss

I will not repeat the importance of stop loss. Here is a brief introduction to the effective single K-line stop loss method. The first point of the entry K-line cannot be broken. If it is broken, stop loss must be made.Hesitation is because there is no clear stop loss standard. Before placing an order, you should tell yourself how much loss you may bear in this order. Put psychological preparation in advance, instead of asking around whether to stop loss after being locked in. Good positions cannot be held, and bad positions must not be held. This is basically right.

The above 5 cognitions belong to the top-level design of trading, belonging to Tao and Fa. Trading is the realization of cognition. Beyond Tao and Fa are techniques and tools. Every penny earned in trading is ultimately the realization of cognition. There is no magical technology, only a steady risk control. Keeping an eye on the risks is not far from success.