The market was born in pessimism and grew in doubt
The more the market falls, the more confidence we have in the market. Each round of bull market is repeatedly washed out before the emergence of coins that are 100 times or even 1,000 times higher.
There is a very important principle in trading:
Don't make small money, don't lose big money.
Simple 8 words, but it's actually very difficult to do.
For example: 2W you opened an order, and it rose to 21,000 after opening. You were very happy, stopped profit, and made 5% happy. As a result, the market rose 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, you opened another order, and it rose to 21,000 after opening. 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.
Many people spend their whole lives in this dilemma and never get out of it.
Is there a way to make money in both big and small markets? No, you have to choose one of the two. I usually choose not to make small money. I can't do what I said 100%, and no one can do it 100%.
The game in the cryptocurrency market is getting more and more intense. Are you ready for the challenge?
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