Currently, Bitcoin is around 95,000, which has dropped more than 10,000 points compared to some time ago. Many people might be itching to buy the dip, what about you?
Everyone understands one principle: the more one earns, the longer their vision and the more comprehensive their considerations. This is the same in the trading industry. If you only consider that a technical indicator has reached a certain standard before you make a move, congratulations, you are already on the path to loss!
Many people say they can profit 8 times out of 10! This is for you; does the market care how much you win? What it cares about is whether you want to keep playing. As long as you keep playing, your kind of action is destined to lead to a major disaster that will have you losing both your capital and profits! To be honest, fundamentally, this is no different from gambling!
Fair gambling plays on probabilities, and trading is the same. Therefore, the core of trading is to control risks as much as possible while maximizing the probability of winning. No matter how much you win, the result of winning is what matters. In the crypto space, there are only two types of people who achieve results: one type is lucky and skilled, encountering a rare opportunity, and the other type is the group that engages in long-term thinking and trading. The so-called long-term actually refers to trend trading, betting on what price range will occur at a certain point in the future.