Some thoughts on the 413 crash
I heard again that many fans have been liquidated, and some have lost hundreds of thousands. I really feel sorry for every penny of yours. How can we avoid such a situation from happening again? Do we need every 519 and 413 to be impressive?
1. Avoid emotional orders
In digital currency trading, don't be led by emotions. If you place orders randomly when you are excited, it will be a big trouble. If you want to make money steadily, you must learn to control yourself and stay calm.
1. Strictly set stop-profit and stop-loss
You have to set a stop-profit and stop-loss line for yourself. Just like adding salt to cooking, it will taste bad if you don't have enough, and it will be salty if you have too much. The same is true for trading. When you make a certain amount of money, you should stop, and when you lose a certain amount, you should withdraw. Don't be greedy, and don't hold on. In this way, even if the market suddenly fluctuates, you will not lose too much, and your mentality can be maintained well.
2. Do a good job of position management
Position management is also very important. Don't invest all your money in it at once, you have to leave some room. Operate with a light position, so that even if there are some problems, you can adjust in time and will not be unable to turn over all of a sudden.
3. Leverage multiples match stop loss ratio
Let's talk about leverage. Leverage can magnify your income, but it can also magnify your risks. Therefore, you have to be careful when using leverage, and don't pull the leverage too high just to make more money. It has to be determined according to your stop loss ratio, so that even if the market fluctuates a little, you can stay stable.
Doing digital currency trading is like driving a car, you have to be steady. Don't rush to accelerate, and don't slam on the brakes. Control the speed and keep the right direction, so that you can drive far and earn more. Slowly develop good trading habits, you will become more and more confident, and the more you do it, the smoother it will be!
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