How can a novice avoid the risk of falling when speculating in cryptocurrencies?
This is a topic that must be faced. Everyone who enters this market needs to face stop loss.
When facing retracements, you must know that you can’t make money in this market if you only want to make money and don’t want to lose money!
In fact, you recognize that you have made a lot of money in your heart, but greed makes you move forward and courage makes you retreat. When you are in a dilemma, you will often be beaten by the market without any chance to fight back.
What is more important in trading is the mind method. Knowledge is the moves, and the mind method is the internal strength. Qiao Feng can beat several Shaolin monks with Taizu Changquan because of his deep internal strength.
It is useless to see clearly. What is important is what to do when you see it clearly, what to do when you see it wrong, how to maintain the determination of holding positions, how to have a good mentality, how not to be afraid of missing out, how not to be afraid of retracements... It is unlikely to make money in this market if you always want to win and are afraid of losing.
Some things may not be experienced by newcomers for a while, but as long as you live in this market for a long time, you will find that they are all truths.
Before completing your own, super order, the loss is nothing to worry about. Whether you have tens of thousands of yuan or not, you are a loser. The premise is confidence. Believe in yourself, you are your own king, you are your own god. If you don’t believe in yourself, it’s better to work in a factory. You will definitely fail. Only by letting go of the real heart of winning and losing and enjoying this process can you see the real god’s hand.
I didn’t say that the study of technical indicators + is completely useless.
I just think it’s not that important. Everyone has different views and uses of reading and using.
For me, as long as the probability of technical analysis reaches 51%, it has already surpassed most people in the market, especially the encryption market + is actually much simpler than other mature markets.
You go deep into the technology and eventually become a mathematician, from 51% to 53%.
Do you think that the transaction in which you lost a lot of money was because you didn’t study the technical form deeply and lacked the 2% probability?
Natural character, decisive and timely decision-making, continuous inspiration, steady and enterprising mentality, beyond ordinary people’s cognition... In long-term transactions, each of these increases your probability of defeating the market by at least 5%.
