Recommended virtual currency trading beginners pay attention to these principles ,Help you avoid risks !

Many people who do transactions ,Many times I always think that I can turn over with just one position ,One position can make you rich ,A position crosses the level ,So often, heavy positions or even rush ,But this only requires a market fluctuation to explode.

For newbies who want to enter the cryptocurrency trading market ,Understanding and adhering to some basic principles is crucial 。High volatility and uncertainty in the cryptocurrency market require investors to have a cautious and rational trading attitude ,Only by avoiding risks and obtaining long-term and stable returns 。Recommend virtual currency trading to pay attention to these trading principles for novices ,Maintain a steady attitude and behavior during trading 。
one、The trading principles of virtual currency
1.Can't be greedy
It is manifested in doing a good job in position management 。Don't put in heavy positions ,Must be light 。Just think about how much money you will make this time ,Don't be too greedy ,Stop profit when the expected point 。Do a good job of stop loss ,About Stop Loss ,The market is wrong ,Should stop the loss immediately ,Otherwise, carrying orders can easily lead to fever ,Making a wrong judgment 。If I really take the order ,Think of losses as short-lived ,But worried about losing the position ,You can do stop loss reduction actions 。Reasonable amount of stop loss every day or every time ,Just accept it 。For example, average profit per day 100U,Then every time the stop loss is 100U,Can stop loss multiple times ,Stop loss for three consecutive days 。Unless the trend is obvious ,Otherwise, it is not recommended to hold a heavy position to resist orders 。
2.Pay attention to trends
If there is a trend, trade ,Don't do it if you don't 。Be optimistic about the trend and act again ,If you don't lose, you win 。Pay attention to some important data in daily life ,For example, some important conferences in the United States ,Fed rate hikes and speeches ,Fed's non-farm employment data ,as well as CPIdata 。

3.Fix your mindset
The most important mentality when trading ,But it is also most susceptible to ,It's easy to get 。When holding orders with heavy positions ,Careful often stop loss when losses are large ,Greedy people think they won't lose their positions ,Still holding on 。When profitable ,Being cautious often makes you worry about gains and losses when you make small profits ,Afraid of profit reduction ,Just hurry to stop profit 。And greedy people ,It's time to get profitable ,Want to eat fish tail ,But the result is often the market reversal and gets trapped and carried. 。in addition ,When there is no order on hand ,Because of greed ,Hope to get on the bus ,And ignore the analysis done in a rational state 。Experts often strictly implement transaction measurements ,Not because fomo(Fear of missing out )And hurry to get on the car 。If ,Be able to hold orders for several months and make a final profit in a floating loss state ,Be able to bear it and not rush to get on the car ,No gains after making a profit ,Then the mentality is trained ,Able to adapt to the repetition of the transaction process 。
Don't think about making money every day ,Make money every moment 。The real money-making operation may be 5minute ,The remaining time is freely time ,You can play games, go to work, and lie down flat ,Don't do it frequently ,No sense 。You can pay more attention to the market or watch the market ,But you must do less 。If the market is not accurate ,Can 1%Position entry ,You can even wait for the market to stabilize 。The transaction is simple ,As long as you can wait ;Trading is difficult ,No one wants to wait 。Trading requires enough patience ,Need to wait for the wind ,Wait for the wind to rise ,Wait for the wind to blow money into your pocket 。

4.Share risk
Don't put eggs in a basket ,One currency quilt ,But if the total position is not heavy ,Others can be traded ,Make money and recover blood in other currencies ,Gradually smooth out losses and achieve profits 。Many people who do transactions ,Many times I always think that I can turn over with just one position ,One position can make you rich ,A position crosses the level ,So often, heavy positions or even rush ,But this only requires a market fluctuation to explode. 。Be calm ,No longer thinking about getting rich ,Just thinking about making some pocket money ,When entering the market with a light position ,The decisions made at that time were basically rational ,Instead of stupid decisions made when you are in the upper hand 。Decisions made in a sane state ,It's often wise ,Be able to make correct judgments on the next trend 。
two 、Summarize
In cryptocurrency trading ,patience 、reason 、And caution is the most critical quality 。By following the above principles ,And constantly cultivate your trading mentality and skills ,Investors can gradually accumulate experience ,Reduce risks ,Achieve long-term and stable profits 。at the same time ,Also, we must recognize that there are uncertainties and volatility in transactions ,Accept profit and loss and remain humble ,Only invincible in the cryptocurrency market 。
Original title : Recommended virtual currency trading beginners pay attention to these principles ,Help you avoid risks !
Original website :https://www.financialks.tw/en/block-chain/2437.html