#BabyMarvinf9c7 Editor learns one thing every day,

Today I bring you a batch of valuable information, aimed at new cryptocurrency enthusiasts who have just entered the space, introducing some important knowledge!

How to avoid losing money in the crypto world

Let me summarize the experience for everyone

In the crypto world, retail investors usually have the following characteristics: when they lose money, they stubbornly hold on and refuse to sell, but as soon as they make a little profit, they rush to sell. They do not pay attention to market trends or trading volumes; they only focus on whether they are making or losing money in their accounts. The result is that the more they lose, the more they lose, like being stuck in a quagmire; when they make money, they make very little, like just a trickle of water.

The correct approach should be the opposite: when making money, hold onto the investment firmly, and once a loss occurs, decisively sell to stop the loss.

Taking my profit-taking and stop-loss principle as an example, this method is very simple: when profits reach 15%, if the profit decreases to 10%, then sell to take profit; if the market continues to improve and prices keep rising, then continue to hold, allowing profits to increase continuously. Conversely, if after buying the price drops and losses exceed 5%, then immediately stop-loss and sell.

Think about it, if you can achieve a 10% profit-taking every time and strictly control the stop-loss within 5%, even if you operate 100 times with only a 50% win rate, you can still achieve a total return of up to 300%. Is this hard to achieve? In fact, the difficulty lies not in this method, but in whether you can overcome your own greed and fear. These are common problems shared by new cryptocurrency enthusiasts; I share this with everyone, hoping that every new cryptocurrency enthusiast can earn wealth!!!