People who will be eliminated sooner or later
1. People who do not stop loss when trading spot goods: This practice is extremely risky and may lead to huge losses once the market fluctuates unfavorably.
2. People who like to do high leveraged contracts: Although high leverage can magnify profits, it will also magnify risks, and the position may be blown up if you are not careful.
3. People who do not stop profit in time when they make money and like to hold orders when they lose money: This mentality is very dangerous. If you miss the opportunity to stop profit and are unwilling to stop loss when you lose money, it will only make the loss bigger and bigger.
There are gains and losses in currency circle transactions, and no one can make money in every transaction. We should look at whether the long-term overall profitability is profitable, such as a week or a month as a cycle, rather than looking at whether one or two orders are profitable in the short term.
Therefore, everyone must manage their positions well. Risk avoidance is the first rule of trading.
If you want to do full-position stud operation every time you enter a coin, even if you can make profits ten or a hundred times in a row, as long as you go in the wrong direction once, all your previous efforts may go to waste.
Therefore, you must learn to manage your positions and trade with the mentality of "capital first, profit second".
1. People who do not stop loss when trading spot goods: This practice is extremely risky and may lead to huge losses once the market fluctuates unfavorably.
2. People who like to do high leveraged contracts: Although high leverage can magnify profits, it will also magnify risks, and the position may be blown up if you are not careful.
3. People who do not stop profit in time when they make money and like to hold orders when they lose money: This mentality is very dangerous. If you miss the opportunity to stop profit and are unwilling to stop loss when you lose money, it will only make the loss bigger and bigger.
There are gains and losses in currency circle transactions, and no one can make money in every transaction. We should look at whether the long-term overall profitability is profitable, such as a week or a month as a cycle, rather than looking at whether one or two orders are profitable in the short term.
Therefore, everyone must manage their positions well. Risk avoidance is the first rule of trading.
If you want to do full-position stud operation every time you enter a coin, even if you can make profits ten or a hundred times in a row, as long as you go in the wrong direction once, all your previous efforts may go to waste.
Therefore, you must learn to manage your positions and trade with the mentality of "capital first, profit second".