Seeing many friends playing with cryptocurrencies and altcoins, I would like to share some experiences with you. The volatility of altcoins has been relatively high recently, and some friends have reported serious retracement of investment positions. According to my way of playing, I must first set the stop loss and take profit points. Even if I am very optimistic about a certain currency, the stop loss line is the guarantee of my lifeline.

What we need to understand is that we are only market participants, not leaders. We will try our best to do every step well within the scope of our control.

Taking profits makes everyone happy, but when it comes time to cut losses, you have to act decisively. Although it may be painful, it is vital to stay alive. Only by keeping your money safe can you have a chance to get back on your feet.

To put it another way, I am currently focusing on projects with potential and operating with small positions. Experience has taught me that investing carefully minimizes risk.