First, decisiveness
A good investor needs to be decisive. Once he has made up his mind, he should follow his own ideas and not be afraid of losses. Reasonable losses can avoid risks. Don't be indecisive.
Second, the point
There are two modes for digital currencies at the point of entering orders, bullish and bearish, which can be divided into four types: low-long, low-high-long, and high-low. If it is a unilateral momentum, this is feasible, but if it is a shock trend, then there is no need for low-high and high-long, and avoid chasing ups and downs.
Third, position
The allocation of funds should be consistent with the psychological tolerance. When the position is too large or fully invested, once the trend changes, the losses will increase and the psychology will change, making it impossible to operate and analyze calmly, resulting in mistakes.
Fourth, stop profit
Under a unilateral trend, the stop-loss method can increase the profit margin, while in a volatile market, taking profits requires individuals to think about the point of closing the position. In a volatile market, it is possible that a small profit from each order can accumulate into a large one.
Fifth, stop loss
You have to think about the stop loss price before investing, and fill in the stop loss price after placing an order. If the market trend is not what you expected, you can reduce losses and preserve your vitality as soon as possible.
Sixth, frequency
Digital currency can be traded 24 hours a day, so some market conditions may be missed. It is necessary to control your trading frequency. Too much trading will lead to technical analysis errors.
Seventh, mentality
Mentality is the most important thing in this industry. How much money you make will affect your mentality, but we should think about whether it is profit or loss rather than how much profit you make. It is better to earn less than mess up your mentality and lose money.
Eighth, add positions
In a one-sided momentum, we can add positions in line with the trend, but we cannot add positions against the trend. Adding positions in a counter-trend will most likely lead to greater losses, and we cannot arbitrarily cancel or change the stop loss of counter-trend orders.
Ninth, follow the trend
When the market shows one-sided trend, we cannot think of adjusting at any time. Maybe all indicators are at high levels, but indicators will also deviate and we cannot go against the trend.
10. Mood
Mood is also very important. It is not recommended to operate when there are huge fluctuations in emotions. Wait until the mentality is calm before operating. Depressed mood leads to excessive pessimism and premature liquidation of positions. Extreme excitement may lead to blind optimism and turn profits into losses. $BTC $ETH #BTC☀ #ETH🔥🔥🔥🔥 #比特币政策
