Let me tell you the painful lessons and valuable experience of a novice trader
At that time, as a novice trader, I also dreamed of getting rich overnight, so I put a lot of money into a transaction, thinking of making a big profit. What was the result? The funds were like a kite with a broken string, gone forever, leaving only lessons and sad tears all over the ground.
But failure is the mother of success. From this painful experience, I learned the simplest truth in the trading world - buy low and sell high. Although you have heard this word for a long time, it is indeed the kingly way of trading, but it is so difficult to put it into practice!
To buy low, you have to be patient, observe the currency you want to buy like a detective, stare at it for a few days, find out its temperament, and know when it will jump and when it will stabilize. Target price? That is your bottom line. If the currency falls below, we will never buy it, as steady as an old dog!
As for selling high, it is even more challenging. You have to learn to restrain yourself and not be blinded by greed. Set a reasonable selling target, and when the price reaches it, we will decisively sell it. Even if the price may continue to rise later, we are not greedy, and we are content with what we have!
So, fellow traders, don't think about reaching the sky in one step. You have to take one step at a time on the road of trading. Remember, buy low and sell high, it is simple but not easy, patience and restraint are the true meaning of trading!
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