I have been trading for so many years, and I have made some money and some have lost some money. Let me first summarize the main reasons for the losses, some of which I have also made.

Leverage is a double-edged sword. If used well, you can run faster than others; of course, on the other hand, if used poorly, you will die faster than others.

After playing with leverage for a long time, you will find that playing with spot has become very simple. Many novice traders expect to make huge profits in a single transaction, from 10,000 to 1 million, 100 times, from 1 million to 500,000, a loss of 50%, back to 1 million, it needs to double, back to 0, only double. Therefore, novices are most likely to be self-indulgent. After making a few profits in futures trading, they feel that they are talented. In excitement, they go all in, but end up back to zero. Traders who really want to survive in the futures market will never put themselves in a desperate situation. From the moment they go all in or overweight, they are destined to be losers. I hope that coin friends will be sufficiently vigilant in leverage trading!

Why do most retail investors lose money? It’s not because they don’t know how to choose coins. A big reason is that they don’t know how to operate. They either operate frequently or enter the market with a full position, and they don’t understand the general trend of the coin market.

I watch the market every day when I have time. I get nervous when I see a decline and want to make a move. As a result, I easily miss the big market. Sometimes the coin has an obvious downward trend, but I still have to hold on. Short-term operations turn into long-term holdings, and I end up losing more and more. The correct operation is to choose a coin with good project fundamentals and good growth potential. As long as it is in an overall upward trend, you can keep embracing it.

Falling brings opportunities, rising brings risks. Retail investors often like to chase rising prices and are afraid of falling prices. They feel uncomfortable when they see that the coins in their hands do not rise for a day, so they want to chase the rising coins, but the result is that they always stand guard at high positions. They cannot stand the big adjustments of the coins in their hands, and they do not care about the general trend of the coins. The result is that they miss out on strong coins and big profits. In fact, falling prices are opportunities, especially the shrinking callback in the rising trend. This opportunity is a golden pit.

Set up stop-profit and stop-loss. Cryptocurrency trading is a probabilistic event, with success and failure. For most cryptocurrency traders, setting up stop-profit and stop-loss is very important.

When the price of the currency is not as expected, or falls below the trend, then you must stop loss unconditionally, and don't waste time. Similarly, the price of the currency has already made a lot of profit, and it is a good decision to leave at any time. Don't feel sorry. Very few people can withdraw at the highest point. It's almost enough for us to leave at a relatively high point.

Gold can only be found after the great waves wash away the sand. It is easy to find truly strong stocks in a weak market. When the index falls sharply, your coin rises against the trend or only falls slightly, which means that there is a strong main force in this stock. This kind of coin can be held for a long time and has great potential in the future market.

The big bull market is coming soon. I plan to invest in some tokens that are about to receive good news, and also look for some coins with long-term potential to hold until the end of the year.

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