How can you make money in the cryptocurrency circle?
There is a very important principle in trading: don't make small money, don't lose big money.
These simple 8 words are actually very difficult to do. For example:
You opened an order for 2W, and the price rose to 21,000 after opening. You were very happy, so you stopped profit and made 5% happily. As a result, the market continued to rise to 2.5W... You made 5% and missed 50%;
Then you warned yourself to make big money, and you were determined not to stop profit this time. Then the market returned to 2W, and you opened another order. After opening, it rose to 21,000 again. You warned yourself to learn from the last lesson and hold on to make big money. As a result, the market returned to 2W and fell below 2W to 19,500, and you stopped loss.
It's so hard for me!
Many people have been constantly switching in this dilemma all their lives, and they can't get out of it all their lives.
Is there a way to make money in both big and small markets?
No, I usually choose not to make small money and wait patiently.
Trading is a long-term practice. Whether you are short-term or long-term, you can make 200% in a big market, as long as you can keep most of the profits, and make another 200% next time you encounter a big opportunity, which is 4 times... As long as you can keep the profits, you can compound them. If you make 200% this time and then lose it again, what's the use? There is no such thing as missing out in the trading market, there are only two results: loss and profit.
Some people may feel that they have found the right way and feel that they will get rich soon.
Finding the way only means that the probability of making money has increased.
In fact, this operation method requires a high level of mentality, patience, and courage.
1. Are you willing to wait patiently for a good position?
2. Can you open a position boldly without caring about the principal even if it is lost? The anxiety of missing out, the urgency of rushing to pocket money after making a profit, and the worry of losing money after opening an order... It takes a long time to practice. If you want to play, you must be cautious, and at the same time, you must try to make a profit.
Of course, finding the way is much better than playing around blindly. Many people never find the way in their whole lives.
