Six basic principles of position management:
First: Do not operate with a full position, always maintain a certain proportion of reserve funds:
Second: Buy and sell in batches to reduce risks, dilute costs, and magnify profits. The advantage of buying in batches downwards and selling in batches upwards is that you have a lower average price than others and higher returns
Third: When the market is weak, you should hold a light position, and it is best not to exceed half of the position in a bear market. When it is strong, you can hold a heavy position appropriately. In a bull market, it is recommended that the limit position is 8 layers, and the remaining 20% short-term or reserve funds should be used to deal with unexpected events.
Fourth: As the market changes, corresponding position adjustments should be made, and positions should be increased or reduced appropriately
Fifth: When the market is sluggish, short-term short positions can be held to wait for opportunities to come.
Sixth: Change positions: Keep strong currencies in positions and sell weak currencies
The above 6 principles apply to spot and contracts. If you still don’t understand, you can contact Caishen through the homepage.
Risks and opportunities coexist in the currency circle. If you haven’t found a suitable team and leader, you might as well contact Caishen through the homepage to share free dry goods and benefits with you. Remember, opportunities are always reserved for those who are prepared.
