I have seen too many people get carried away after making a profit, thinking they will continue to rise, only to find themselves back at square one in an instant. In fact, to survive in the market for the long term, there are three things you must do.
The first: Protect your profits when you win.
Don't chase high points, and don't be greedy.
If it rises by 10%, raise your stop profit to near your buying price;
If it rises by 20%, lock in half;
If it rises by 30%, at least take 15% off the table.
This may seem clumsy, but it allows you to steadily retain every wave of profit, relying not on guessing the peak but on protecting your gains.
The second: Walk away immediately when you lose.
It's normal to pick the wrong direction in a trade, but the fear is in holding on stubbornly.
If it drops to your set loss limit, say 15%, cut it off immediately without nostalgia.
You are not living for this trade; you need to live for the next one. As long as your account is still there, you still have a chance to turn things around.
The third: If the coin you sold drops, buy it back at the original price.
If you believe in it, then don't let the quantity decrease. If it drops further, wait for a confirmation of a rebound; if it doesn't drop much, don't hesitate, buy it back when it returns to your selling price.
Transaction fees are nothing, missing a wave of market movement is the real pain.
This strategy is best for swing trading, allowing you to accumulate more and more coins while your capital grows thicker.
Many people think short-term trading is fast, but in reality, short-term trading is stable.
Quick entry and exit are not chaotic, but rhythmic;
Taking profits is not cowardly, but mature;
Holding cash and waiting is not quitting, but building strength.
Stop always thinking about buying at the lowest and selling at the highest; that's an illusion.
We want to earn USDT for a lifetime,
Not spend a lifetime chasing a few thrills.
You're not moving fast enough; rather, you're stumbling around in the dark alone. Brother Le has always been there, the light is right ahead, if you don't keep up, you'll be stuck in the night forever. #美联储重启降息步伐 #特朗普家族币
