Here are some important trading tips for newbies in the cryptocurrency world! 👇
Learn to set a stop-loss order
In the cryptocurrency world, learning to set a stop-loss order is as important as learning to wear a seat belt when driving. Why?
Imagine that you are driving a racing car at high speed, and suddenly a big pit appears in front of you, and you can't brake in time. But fortunately, you set up a "stop-loss brake system", which will automatically help you brake once the car approaches the pit to prevent you from falling into the abyss.
In cryptocurrency trading, this "stop-loss brake system" is our stop-loss order. When the price of the currency falls to a certain "warning line" you set, it will automatically help you sell your position to prevent further losses.
So, how to set this "warning line"? It's simple, find a point where you can accept the loss, and make sure that even if you sell at this price, it will not have much impact on your life.
But please note that the market is constantly changing, just like road conditions. So, you need to check and adjust your "warning line" regularly to ensure that it always matches the current market conditions.
Learning to set a stop-loss order is like adding a "bumper" to your trading path. It can help you protect your capital, avoid major losses, and make you more comfortable in the world of the cryptocurrency circle. Remember, it is better to live with a small loss so that you can continue to trade and make more profits!
In this market, you can only look at the project carefully and dig out good projects. The big cake is still sideways at 69,000, and the cottage is already at the low point of the bear market. Look, Ares has dug up a magical project of OK, less than 1 billion US dollars + Binance OK online, top institutional investment, more than 80% of the tokens unlocked, belonging to the key track ai gamefi, there is one right now, comment area 888, Ares will take you to start!
