In the eighth year of the crypto world, I have realized five major trading iron laws,
First trading law: Ensure principal, prioritize staying alive, markets are available every day. Second trading law: Don't hesitate to cut losses; when the market direction is wrong and losses exceed 5% of your position, stop immediately and take a break. Trading requires calmness. Third trading law: Never play with illiquid clones; pure gambling is better than baccarat, ultimately leading to zero. Fourth trading law: Never use compound interest; no matter how much you earn, open positions with your favorite and most comfortable lot size. Those who rely on compounding are doomed. Fifth trading law: Strictly follow the 1-2-3-4 law; unify knowledge and action.
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重生之我在币圈发大财
· 10h ago
Those who can adjust their mindset in a timely manner are true experts. Market conditions change rapidly, and execution ability and discipline are the real moat.
In the eighth year of the crypto world, I have realized five major trading iron laws,
First trading law: Ensure principal, prioritize staying alive, markets are available every day.
Second trading law: Don't hesitate to cut losses; when the market direction is wrong and losses exceed 5% of your position, stop immediately and take a break. Trading requires calmness.
Third trading law: Never play with illiquid clones; pure gambling is better than baccarat, ultimately leading to zero.
Fourth trading law: Never use compound interest; no matter how much you earn, open positions with your favorite and most comfortable lot size. Those who rely on compounding are doomed.
Fifth trading law: Strictly follow the 1-2-3-4 law; unify knowledge and action.