I would like to share my recent trading experience with you:
● Always be in awe of the market, always be in awe of the market
● Believe in your own judgment and don’t let any voices around you affect your trading strategy
● Do not use high leverage to ensure that the stop loss point will not be liquidated.
● Follow the general trend and don’t be greedy for short-term small profits.
● Frequent operating losses are normal. If you want to make profits, you must do mid-term swings.
● The book loss is just a floating loss, but it will be a real loss after the position is closed. 90% of the orders will be repaid. If the position is about to be liquidated, increase the margin appropriately, and do not close the position easily and get into trouble.
● Pay attention to market news and don’t wait until later.
● Don’t panic when encountering a sharp rise or fall. There will definitely be a correction after a sharp rise or fall.
● If the pull-up happens instantaneously, then falls and then trades sideways without standing firm, it will often fall again; if it rises a little bit with a moderate increase in volume, if it falls and pulls back immediately, there will often be good gains.
● If you encounter a demon coin and there is a main force pulling the market, you can continue to increase the position in the same direction at a high level after making a mistake in the direction. Increase the buying point to close the position as soon as possible; or open a hedging order if it continues to rise. Do not open orders at a 50-50 ratio, based on your judgment. Set the position in the direction. Suggestion: Try not to touch demon coins
● Don’t trade out of fear and uncertainty of direction
● Good mentality + reasonable position + judgment of general trend + remedial measures = success
