Suffered losses and stubbornly held on, but when you earn a bit, you run away. Why do you have these issues? Here are 4 suggestions from Dao Ge!
1. Overcome the "small number rule": Don't just look at short-term fluctuations in trading and ignore daily ups and downs; plan your entry, exit, and capital allocation in advance, strictly execute stop-loss and take-profit points, and don't be misled by small rumors.
2. Alleviate "loss aversion": Set stop-loss and take-profit when opening positions; set stop-loss at a 10% drop and consider taking profit at a 20% rise to avoid emotional trading; diversify your funds across multiple varieties, adjust positions according to market conditions and your own risk tolerance, reduce volatility impact, and stabilize your mindset.
3. Adjust expectation management: Accept that market profits and losses are uncertain; policies and international events can trigger fluctuations, so prepare mentally in advance; when the market is clear like a bull market, use technical analysis to track trends, and don’t rush to sell due to small fluctuations.
4. Recognize your own irrationality: Learn behavioral economics, clarify your psychological weaknesses, and be alert to irrational impulses while trading; you can also use algorithmic trading to automatically execute strategies or consult professionals to avoid emotional interference.
If you like contracts, enjoy studying charts, and researching techniques, click on the avatar. With years of experience and skills in the crypto circle, I share for free. I'm waiting for you in the circle, always online, welcome to discuss and improve together.
