Return to the cryptocurrency circle: trading review and strategy

After experiencing a margin call, summarizing experience and learning to improve is a must for traders. The following are strategy optimization suggestions based on your summary to help you return to the cryptocurrency circle with more confidence.

Trading principle optimization

1. Control emotions and risk management:

• Stop loss and stop profit execution: set clear stop loss and stop profit positions, strictly implement them, and avoid changing plans due to emotions or sudden changes in the market.

• Position management: control the risk of a single transaction within 2%-5% of the total principal to avoid serious losses due to a single transaction.

2. Go with the trend:

• Confirm the trend direction: confirm the trend direction through technical indicators such as moving averages and MACD, and avoid rash entry when there is volatility or no clear direction.

• Follow the mainstream funds: pay attention to on-chain data, understand the flow of market funds, and choose currency operations that follow the trend of funds.

3. Comply with trading strategies:

• Develop daily/weekly trading plans to avoid frequent operations.

• Record the logic, execution and results of each operation after the transaction, and review and optimize the strategy.

4. Avoid entering the market in a volatile market:

• In the volatile range, be cautious to avoid entering the market too early to avoid being stopped out. Wait for the price to break through the key support or resistance level before operating.

5. Take small profits and accumulate small gains:

• Set reasonable profit targets, do not be greedy for big market trends, and take small steps to accumulate funds to avoid losing most of the profits due to one operational error.

Psychological construction

• Patiently wait for the best opportunity: do not trade impulsively because of boredom or missed market trends.

• Accept losses and focus on long-term returns: Losses are part of trading, but they should be controlled as much as possible within an acceptable range.

Summary: Returning to the cryptocurrency circle with a clear trading strategy and a calm mind, taking steady steps and accumulating experience are the keys to long-term success. I wish you a smooth trading! #SUI、OP大额解锁