Facing the challenges and losses in cryptocurrency trading, you have deeply realized the problem and tried to summarize the reasons for the losses. This is a very important self-reflection process.
Here are some suggestions to help you get rid of the state of "obsession" and gradually move towards rational investment:
1. Formulate and adhere to a trading plan: Before each transaction, clarify your reasons for entry, target price, and stop loss point, strictly follow the plan, and avoid emotional trading.
2. Risk control: Put fund management first and do not trade heavily. You can adopt a fixed ratio principle, such as investing only a certain proportion of funds (such as 2%) in each transaction to ensure that most of the principal can be retained even if there are continuous losses.
3. Wait patiently: As you have summarized, it takes time for the market to brew. Learn to wait for the best time to enter the market instead of trading frequently. Patience is an important quality of traders.
4. Learning and review: Continue to learn market analysis skills, understand market sentiment and the application of technical indicators. At the same time, review each transaction regardless of profit or loss, understand the logic behind it, and continuously optimize trading strategies.
5. Emotional management: Recognize the impact of emotional fluctuations in trading on decision-making, and learn to stay calm during the trading process. You can adjust your emotions through meditation, exercise, etc. to avoid impulsive trading.
6. Set profit and loss limits: Set an acceptable maximum loss limit for yourself. When this limit is reached, you should stop trading and re-evaluate your strategy. At the same time, you should also have a reasonable exit strategy for profits to avoid profit taking.
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