Why can't you make money from cryptocurrency trading? Listen to my summary below!
Experience bankruptcy, then you will know the importance of stop loss
Every investor who has entered the cryptocurrency circle has almost experienced the cruel baptism of major losses, liquidation, and profit turning into loss. Only those who have experienced bankruptcy, summed up lessons learned from it, and have a strong mentality can stand out in the tide of cryptocurrency trading. They know that stop loss is the first principle of survival. Without experiencing liquidation, they will never know the importance of stop loss.
Fund management, keep the principal is king
In the world of cryptocurrency trading, no matter how many 100% excellent performances you have in the past, as long as you lose one 100%, you will have nothing. Therefore, fund management is the key to the success of cryptocurrency trading. Every success will only make you take a small step forward, but a failure may make you take a big step back. The accumulation of funds requires time and opportunity, and the pain of losing funds is far greater than the joy of gaining funds. Therefore, keeping the principal is always the first priority of cryptocurrency trading.
The way to trade lies in self-discipline and patience
The reason why people make money in the cryptocurrency market is not because of the superb technology and methods they use, but because of their self-discipline and patience. Trading is not only a game with the market, but also a game with oneself. Investors need to overcome human weaknesses such as hope, fear and greed, and form their own trading methods and trading systems. Only in this way can profits run when the market comes, and stop losses in time when funds lose money.
Four suggestions from the big guys in the currency circle
1. Stay rational: control emotions, formulate clear investment strategies and plans, and strictly implement them. Continuous learning: In-depth study of blockchain and cryptocurrency related knowledge, pay attention to authoritative information sources.
2. Diversify investment: diversify investment into multiple potential projects and asset categories to reduce risks.
3. Do a good job of risk management: set a reasonable stop loss point, control the investment ratio, and ensure the safety of funds.
4. Choose a safe platform: Choose a well-known and highly secure trading platform for trading, and strengthen security measures.
Bull market strategy layout, spot ambush opportunities, contract entry points, open the fog of false information, and discover the real market. I am Xiong Ge, welcome to join! #加密市场盘整 #比特币战略储备 $BTC $ETH
