Do you have an iron rule for opening a position?
Regardless of spot/contract, there are five iron rules for opening a position:
1. Do not open a position without a breakthrough
2. Do not open a position without a stop loss
3. Do not open a position without position management
4. Do not open a position without a profit target
5. Do not open a position if it is not at a critical position and is still fluctuating
A lot of things happened in June.
Yesterday was the deadline for submitting the FTX restructuring plan, and tomorrow, June 7, the non-agricultural data will be released.
On the 11th, Apple's Global Developers Conference will be held.
On the 12th, CPI data will be released.
On the 27th, the first round of debates in the US presidential election will begin.
Personally, I predict that Trump will be elected as the next US President. Biden is too old. If Trump is elected, it will accelerate the end of the Russian-Ukrainian conflict and will also be a big boon to the crypto community. A president of a country who publicly and strongly supports cryptocurrency and is the US president who is far ahead in all fields today has a greater influence than anyone else's attitude, and may even change the position of the Chinese government. Coupled with the high probability of the Fed's interest rate cut in September and October, the craziest bull market will sweep in, and that will be the time for the brothers in the crypto community to be proud. I hope you guys can hold on and unfollow those bearish bloggers and KOLs. If you are a big cycle guy, you can consider uninstalling the exchange and all the stock market software, and then open your account at the end of the year. You will definitely be surprised.
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