Many times, the idea is right, but there are problems with execution. Many people are afraid of both wolves and tigers in the process of execution. They dare not go long because of the weak situation; they are afraid of going short at the floor; they are neither long nor short. After finally confirming that it is a rebound, they rebounded and were swept away. Then their mentality exploded. Investing requires not only a good investment mentality, but also the following eight trading skills. I hope they can help you.
1. Navigation depends on the steering wheel, and investment also needs a plan. Before making an order, it is necessary to make a full and comprehensive assessment of various situations and formulate an investment plan. When analyzing bullish factors, you cannot ignore bad news, and when listing bearish signals, you must also prevent the threat of rising prices. If you see the right situation, you will chase the enemy, and if you see the wrong situation, you will rescue the enemy. All of these should be included in the entire plan. Even how much you will earn in the best case and how much you will lose in the worst case should be calculated in advance. Unless there are major unexpected factors in the market before execution, you should not easily change your plan.
2. Control the opening ratio For traders who have just entered the market, the opening ratio should not be too large. Only when you have accumulated sufficient trading experience and have a continuous good trading record can you consider gradually expanding the opening ratio. For novices who are new to the market, it is recommended that the opening ratio should not exceed . At the same time, according to market trends, it is recommended to adopt a "progressive strategy" to open positions in batches to effectively disperse risks.
3. Stop loss is always with you. You must set a stop loss price for each transaction and strictly enforce it. When the currency price moves in a favorable direction for your operation, you can set a trailing stop loss for risk control. However, when the currency price moves in a direction that is not favorable for your position opening, you can set a stop loss to exit the position in time, which effectively reduces the loss. At the same time, in order to better prevent risks, it is recommended that you use both trailing stop loss and stop loss.
4. Stop profit cannot be ignored because the floating profit generated by the open position is not considered as real profit. Only the closing of the position is the real profit. Therefore, on the basis of achieving your investment profit target, it is also very important to set a reasonable stop profit to protect your own profit. Generally speaking, for short-term operations, the stop profit can be relatively small, and for long-term operations, the stop profit can be relatively large.
5. Pay attention to market hot spots As an investor, it is very important to pay attention to market hot spots. Under the premise of fully understanding market information, timely grasp the market rhythm and follow the trend, which can reduce unnecessary losses and allow you to obtain greater returns. Investment is a broad and profound subject. Researching the market more and enhancing market awareness is very helpful for trading.
6. Strengthen the study of professional knowledge. Strengthen the study of professional knowledge of cryptocurrency investment, analyze the basic knowledge of cryptocurrency investment, analyze the characteristics of various economic data and the characteristics of each currency, master the technical knowledge of cryptocurrency investment and use it to analyze the market, cultivate keen market insight and predictive ability, so that it will be beneficial to everyone's professional level leap and profitability improvement.
7. Improve the proficiency in using the trading platform Improving the proficiency in using the trading platform can also help investors better control investment operation risks. First of all, before the actual operation, through a large number of simulated trading platform operations, you can effectively avoid unnecessary losses caused by low-level mistakes such as placing wrong orders and placing reverse orders. In addition, mastering various technical indicators for analysis and improving trading skills are still very helpful for better grasping market trends.
8. Rational and decisive investment psychology In cryptocurrency trading, a good, rational and decisive mentality is very important. Five psychological errors must be overcome: blind boldness, greed and fear, impatience, lack of patience and unwillingness to give up everything. By weighing the importance of various investment opportunities, the size of hot spots, and other aspects, entering and exiting the warehouse in a step-by-step manner, decisively stopping losses and profits, and selectively giving up small investment opportunities, we can better grasp larger investment opportunities.