1, the use area of toilet paper is only about 10%, the remaining 90% is for
made sure not to get into trouble. The principle applies to the crypto world as well.
You earn 90% of your wealth in 10% of the time; therefore,
Not holding too many positions is very important; you must make friends with time, utilizing 90% waiting.
Wait for the opportunity. Newbies are reluctant to go empty-handed or even half-empty.
must go in; I understand the fear of missing out, poke
Who received it? Please raise your hand. (Not overly invested, wait for the opportunity.)
2, whether in spot or contract, you must set stop-loss and take-profit.
Buying is not impressive; knowing how to sell is the skill. Clearly, this trade is profitable.
this, but human nature that cannot overcome greed ultimately leads to losses.
said this is about you; I believe everyone has gone through this; this is
The charm of setting a stop loss. Then I’ll talk about stop loss; setting a stop loss is not
To truly stop loss, it is actually to improve your capital utilization.
Rate. For example, if you're stuck in a trade, and now you cut it off with a loss of 100u, you
Believe that over time you will recover losses; hold on a little longer.
I tell you, even if you turn losses into profits in the future, you are still at a loss.
there is a time cost involved, even if you stop loss, you will invest the capital into
higher-return opportunities. Especially in the current bull market, the same
your funds are stuck in this trade. After a week, you finally release them.
got stuck; in a week you will have earned back the 100u loss. But if you
should have stopped loss at that time, utilized the funds, and traded correctly for a week.
What you gain is not just the 100u profit.
3, others bought what and became rich; when you hear this news, you
definitely be afraid of missing out; by the time you hear the news, it's actually already too late.
You go in and just buy at a high position; the risk is huge. (Don’t have
FOMO emotions; stay away from those who give you FOMO emotions.
4, don't develop faith in a particular coin; be a player, earn and leave.
There's nothing wrong with walking away; identify the trend, earn and leave, quietly wait.
is looking for the next opportunity; don't think that if you choose the right trend, even pigs can fly.
Come on, we little newbies see the scenery outside when taking off.
The first thing to consider is not how to fly higher but how to
What safety road to take; otherwise, when the wind stops, you might not have left, and the first one falls.
The one who dies is you. Know when to take profits; the crypto world isn’t about who makes money faster.
is about who can survive longer.
5. Don’t believe in getting rich overnight, but you must believe in the power of compound interest.
It's really very powerful.
6. Don't use funds that affect your life to trade crypto. I have a younger brother who
When we first met, he was humble and cautious, sending me voice messages at midnight asking about
just about some KDJ, MACD, MA line issues; I taught him the basics.
scraping the surface, this guy thinks he’s invincible, heavily invested.
I opened a trade, earning from 20k to 80k. I repeatedly advised against it, but you said you were
As a graduate, is it easy to find a job? Earning tens of thousands in a short time makes him
Dared to decisively resign and wanted to be a professional trader, but later when the market crashed, he
When he sent me voice messages, his voice was shaking; the market helped me for this little guy.
the gang took a tough lesson. (Fighting to the death isn't suitable for the crypto world; you
Before stepping into this circle, at least leave 1-2 escape routes for yourself.
Investing in the market has risks; investment must be cautious.