After trading for so many years, this year I only just felt that I’ve reached a psychological bottleneck in trading. Last week, because of revenge trading, I had a big drawdown—I somehow wouldn’t allow myself to lose, kept placing orders repeatedly, cutting losses, and in the end ended up losing a large amount in a short time. These past few days, I stopped to improve my money management and will try the 2% principle and the 6% principle. Single-trade losses must not exceed 2% of total capital, and daily losses must not exceed 6% of total capital. As long as you follow these two rules, it’s all safe. The 2% principle is like a shark, and the 6% principle is like a piranha. #trading #BTC$LSK