Cryptocurrency Secrets: Master the art of stop-profit and stop-loss, and easily achieve wealth freedom!
1: Master the art of profit and stop-loss
The market is like a changing world, and mastering profit and stop-loss is a must-have skill. When making a profit, you need to curb your inner greed and understand that the price fluctuations of any digital currency have their periodicity. Stopping profit at the right time is the key, and don't lose the big for the small. Remember, the profit in the cryptocurrency circle is unlimited, but your principal is limited.
Stop loss is a decisive abandonment of sunk costs, which requires courage. Don't be lucky and think that the market will reverse instantly. If you are wrong, you must admit it and stop loss in time. Although it hurts, it can save your life.
2: Avoid over-trading
Don't be greedy for a win-win situation between long and short positions, which is almost impossible. Focus on one direction and be content. At the same time, pay attention to transaction costs. Under high leverage, handling fees may swallow your profits. Make sure that every transaction has profit margins, otherwise you are working for the exchange.
3: Learn to wait patiently
When the market is confused, stay calm and don't place orders blindly. It's a pity to miss the opportunity, but the loss is more painful. Without a clear direction, blindly trading is tantamount to gambling. Wait patiently and look for opportunities with a high probability of profit.
Four: Steady investment, step by step
When investing in the cryptocurrency circle, don't rush for quick success. Start with a small investment and gradually accumulate experience and profits. Remember, steady investment is the kingly way, and the cryptocurrency circle is not a shortcut to get rich overnight.
Five: Avoid heavy positions and gambling
Heavy positions and gambling are a taboo in investment. Once the market changes suddenly, you will be caught off guard. Set a stop loss, operate with a light position, and move forward steadily. There are many opportunities in the cryptocurrency circle, so there is no need to rush.
If you want to achieve positive profit in your account, find me in the main business and teach you step by step
