Square Trading Notes ⚠️
Friends new to the cryptocurrency world:
1. Improve self-learning ability
You can start by learning the theoretical basics. There are many trading books available in the market that you can read. Once you have a certain foundation of theoretical knowledge, we can move on to practical trading.
2. Develop independent thinking, do not blindly follow others
Develop your own thinking and do not blindly trust so-called experts in the square (including myself). Some teachers in the square who offer trading signals are risk-oriented speculators and do not use stop-loss orders. For example, take a look at this so-called signal teacher who has already had over 50% drawdown without using stop-loss. At this point, as a follower, you should consider whether this risk management strategy suits you. If it does lead to a total loss, can you accept it? Ask yourself, and perhaps you will find the answer!
Do not be confused by the halo of so-called experts; making your own money is the most fundamental!
3. Copy trading fees and profit sharing
The maximum profit sharing for private trading signals can be set at 30%, meaning that after you complete a trade, you not only have to pay a fee, but if there are profits, you also have to pay 30% of the profits to the other party! Think rationally about whether it is worth it?
In summary: Friends new to the field, I hope you develop the ability to think independently, learn more, observe more, and act less! There are many teachers in the square from whom you can learn and reference, but try to only use them as a reference! Only by forming a trading strategy that suits you can you make a profit!
At the same time, the teacher I screenshot is just an example for you; there is no intention to criticize him! Consider it a cautionary tale!
Finally, I hope you all can make profits during this bull market!
