Six iron rules for controlling risks that you must know when speculating in cryptocurrencies:
1: Divide your funds into 5 parts, only invest one-fifth each time, control the stop loss of 10 points, and only lose 2% of the total funds if you make a mistake once, and only lose 10% of the total funds if you make a mistake 5 times.
2: Go with the trend, every rebound in the downward trend is to lure more, and every decline in the upward trend will create a golden pit.
3: Don't touch individual coins that have soared rapidly in the short term, and high-level stagflation will naturally fall.
4: Use MACD to determine the entry and exit points. The steady entry signal is that the DIF line and DEA go out of the golden cross below the 0 axis and break through the 0 axis. The signal for reducing positions is that MACD forms a dead cross above the 0 axis and runs downward.
5: Never cover your position when you are losing money, but add positions when you are profitable. Volume and price indicators are also very important. Pay attention to the large-volume breakthrough of the currency price at the low level of consolidation, and exit decisively when the high-level stagflation occurs. Only do strong currencies with valuable upward trends.
6: Adhere to weekly review and adjust trading strategies in time.
These iron rules are my personal experience gained through exploration and practice, for your reference only!
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