How to avoid losing money in the cryptocurrency circle

Retail investors have a common problem. They hold on to their losses and sell as soon as they make a little profit. They don't look at the trend or the trading volume, but only focus on the profit and loss ratio of the account. What's the result? When you lose, you lose a lot, and when you make money, you make very little. You should do the opposite: hold on to your profits and stop losses when you lose money.

My profit-taking and stop-loss principles are very simple: if you make a profit of 15%, you will stop profit if it retreats to 10%; if it continues to rise, you will continue to hold and let the profits run. On the contrary, if the price falls after buying and the loss exceeds 5%, you will stop loss decisively.

As long as you can stop profit of 10% every time and control the stop loss at 5%, even if you operate 100 times and the winning rate is only 50%, your profit can reach 300%. Is it difficult? The difficulty is not the method, but whether you can overcome your greed and fear.