#Gate广场新手村第十期 has gained some insights through learning in live streams and posts, and would like to share them with everyone as mutual encouragement!
① Light position testing: Each trade should not exceed 1%-10% of total position. If you lose, it won't hurt much; if you win, gradually increase your position. ② Always set stop-loss: If the direction is wrong, cut losses immediately. Stop-loss is not a loss, it's insurance for your account. ③ Diversify to counter emotions: Enter and exit in batches. The fluctuation of a single asset won't affect your mindset, making trading more stable. Trading isn't about who makes money the fastest, but about who survives until the day of profit.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Gate广场新手村第十期 has gained some insights through learning in live streams and posts, and would like to share them with everyone as mutual encouragement!
① Light position testing: Each trade should not exceed 1%-10% of total position. If you lose, it won't hurt much; if you win, gradually increase your position.
② Always set stop-loss: If the direction is wrong, cut losses immediately. Stop-loss is not a loss, it's insurance for your account.
③ Diversify to counter emotions: Enter and exit in batches. The fluctuation of a single asset won't affect your mindset, making trading more stable.
Trading isn't about who makes money the fastest, but about who survives until the day of profit.