The priorities of genuine traders are clear:
1. When a buying decision turns out to be correct, focus on maximizing profits.
2. If a purchase proves to be a mistake, immediately seek ways to minimize losses.
While predicting the market's future is impossible, traders adhere strictly to trading rules that serve as their guiding principles in an unpredictable market. The key to profitability lies not in consistently forecasting market movements but in limiting losses when wrong and securing substantial gains when right. This principle differentiates true traders from those who merely analyze.
In the cryptocurrency market, the objective is to maximize profits. When the market trend is favorable, capitalize on the opportunity to increase earnings; when the trend is unfavorable, swiftly act to limit losses and avoid unrealistic expectations.
