Give some advice to the babes still struggling in the market.
First: The profits you earn must be kept safe. Don't always think about catching the highest point. When you buy a coin and it rises by 10%, you need to be alert. If the price returns to your buying point, don't hesitate, sell immediately. If you've made a 20% profit, lock in half of it, even if it eventually rises higher, you won't regret it. If you've made a 30% profit, at least hold on to 15%. You don't need to judge the peak, you just need to let the profits roll in by themselves. Relying on discipline is much more reliable than relying on feelings.
Second: Be decisive in losses. This rule can save you countless times. If it drops 15% after buying, no matter how optimistic you are, immediately cut your losses. Did it really go up later? That means the timing was wrong, not that the opportunity was wrong. The market always has the next opportunity.
Third: If the coins you sold have dropped, you should have the courage to buy them back. If after selling, the price indeed falls and you still have confidence, then buy back at a lower price. This way, the quantity of coins remains unchanged, and your account actually has more liquid funds.
Last sentence: Short-term trading is not just aimless floundering, and chasing trends is not about random collisions. Those who can sell are the true experts. Don't fantasize about bottom fishing and selling at the peak; if you adhere to discipline and understand the rhythm, you will survive longer in this market. Only those who master these iron rules and strictly comply with them can remain undefeated in the crypto world!
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Give some advice to the babes still struggling in the market.
First: The profits you earn must be kept safe.
Don't always think about catching the highest point. When you buy a coin and it rises by 10%, you need to be alert. If the price returns to your buying point, don't hesitate, sell immediately. If you've made a 20% profit, lock in half of it, even if it eventually rises higher, you won't regret it. If you've made a 30% profit, at least hold on to 15%. You don't need to judge the peak, you just need to let the profits roll in by themselves. Relying on discipline is much more reliable than relying on feelings.
Second: Be decisive in losses.
This rule can save you countless times. If it drops 15% after buying, no matter how optimistic you are, immediately cut your losses. Did it really go up later? That means the timing was wrong, not that the opportunity was wrong. The market always has the next opportunity.
Third: If the coins you sold have dropped, you should have the courage to buy them back. If after selling, the price indeed falls and you still have confidence, then buy back at a lower price. This way, the quantity of coins remains unchanged, and your account actually has more liquid funds.
Last sentence:
Short-term trading is not just aimless floundering, and chasing trends is not about random collisions. Those who can sell are the true experts. Don't fantasize about bottom fishing and selling at the peak; if you adhere to discipline and understand the rhythm, you will survive longer in this market. Only those who master these iron rules and strictly comply with them can remain undefeated in the crypto world!