Thinking of making money in the currency circle!
1. Never run away when you lose money. You need to improve your trading system, trading plan, and trading principles, no matter what style. As long as you can make money, you have already defeated most people in the market!
2. Why do you lose money? Frequently switch between long and short positions in the bull market, leverage is too high, always want to eat the tail of the bull, make money and don’t withdraw cash, because you don’t know when the black swan will appear!
3. Determine the bull market and you must buy the bottom when the bull turns back. Buy more when the price drops sharply and buy less when the price drops slightly. Control the position. No matter how deep the price drops, keep a certain position to give yourself a certain opportunity to cover the position!
4. Speculate on new assets instead of old ones. New assets are the biggest outlet in the bull market. As long as you step on the outlet, the bull will take off, so the general direction is right, and your funds will still increase little by little!
If this article is helpful to you, you may wish to pay attention to Panda. Introduction to Zhuye, no threshold to get on board! Getting started in the currency circle: four steps to jump into the bull market wave and open the door to wealth!