Most of the currencies that I made a lot of money from relied on a strategy: the more they fell, the more I covered my position. It sounds a bit risky, but this is my experience in the currency circle for many years.
Today I read an article by a big V. He advocated not to rush to buy the bottom and cover the position when the currency fell for a long time. His method is to set a buying limit for each currency, and stop buying at that point, even if the price is low. He said that this is the lesson he learned from the loss, and he would not share it casually with ordinary people.
I have to say that this big V’s risk control awareness is indeed true. But this is not enough!
If you feel helpless, confused, and can’t see the direction in trading at the moment, you can come to my village to have a look. Gong-Zhong-Hua have the same name, and the conditions are real players.
Why? If you dare not cover your position at a low level, it means that you didn’t think it through when you bought it at the beginning, and you were still afraid that it would fall to nothing. In this case, why did you buy it in the first place?
Almost all of the currencies that I made the most money from were won by the covering position strategy. Before I decide to buy, I always ask myself a question. If the answer is no, then I simply don't buy it. In this way, there will be no entanglement about whether to cover the position later.
Only by eating low-level chips can we seize the market's mistakes and make big money. Those low-level chips are simply treasures!
So, what questions will I ask myself before buying those bull coins? What other currencies can meet my standards? You can also talk about your views and see if they are the same as what I think.
