I have compiled eight major position management techniques from my experience of entering the cryptocurrency world with 8000 and earning 50 million. Mastering this will benefit you for a lifetime. Worth collecting!
1. Each time you enter the market, losses should not exceed ten percent of your capital.
This means that when losses reach 10%, you must exit regardless of the circumstances, as generally, a 10% loss indicates that the operation was a mistake and you should decisively exit.
2. Always set a stop-loss level.
This reiterates the previous rule, only stating that the stop-loss level set does not have to be a loss of 10%, but can be appropriately set according to the need, such as 5%.
3. Never overtrade.
What is meant by never over-trading is to trade in moderation, which has two layers of meaning.
A. Do not invest too much capital when the direction is unclear.
