Why you always fail to trade well in the cryptocurrency circle
A fan told me in private that he didn't want to trade anymore because he had been doing it for 5 years and was still losing money and getting liquidated.
I looked at his account and asked, why do you buy and sell? How to set the position and stop loss? What is the profit and loss ratio? He told me that he sold it based on his feelings. If he felt it was going to rise, he would sell it. If he felt it was going to fall, he would sell it. He would increase the position until it could not be increased anymore and did not set a stop loss. Sometimes the account could be multiplied several times, but in the end, he could not make a profit. It all ended with liquidation and then re-entered the market.
I advised him not to trade anymore. He could not even form his own trading principles in 5 years. He still made orders at will. Then he would only get deeper and deeper and never get out.
The transformation of trading usually takes 7 years. The first three years are about making mistakes and summarizing this stage. Don't be afraid of failure or liquidation. Instead, you should deeply remember the emotional fluctuations brought by these experiences, whether good or bad, which are very helpful for your next stage. The middle two years are to form your own trading system and principles. Because of the failure experience in the previous stage, you begin to know what to do and what not to do. With your own principles, no longer. Being swayed by emotions and feelings, you can also control losses. In the last two years, you accept the market's free and accept your own mistakes, but you can make small losses when you make mistakes and make big profits when you make money. There is no right or wrong, and no emotional fluctuations.
Everything that happens in the market is normal. Begin to wait patiently for opportunities and watch the steady growth of funds patiently. This stage is the beginning of your dance. From then on, you can make a living by trading and achieve stable profits. Recently because.
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