Nine secrets of the currency circle, mastering them can help you avoid detours!
1. Don't let low-priced chips slip away easily, stick to your beliefs, and beware of dog dealers smashing the market through counter-trading.
2. It is an absolute taboo to chase ups and downs and enter and exit with full positions. When the general trend is good, building positions in batches during the decline will have lower risks, lower costs, and greater profit margins than chasing ups.
3. Profit distribution should be planned reasonably to fully release the value of funds, rather than blindly adding positions and investing funds.
4. When the price of the currency rises sharply, you can first recover the principal, and when it falls sharply, you should hold the currency. At all times, you must maintain a good attitude, not opportunistic, not impatient, not greedy, not afraid to retreat, and not fight unprepared battles.
5. The early ambush or participation in private placement of low-priced coins relies on experience and the game with the dog dealer on the prospects of the currency; while the game in the secondary market is the process of following the dealer based on technical and news aspects. Don't put the cart before the horse, otherwise you will fall into chaos.
6. Both building positions and shipping must be carried out in layers and segments to make the price gap wide, so as to effectively control the ratio of risk and profit.
7. Be familiar with the linkage effect. When trading currencies, you need to pay attention to the market and the dynamics of other currencies. Each currency is not independent in the market transaction. It seems unrelated, but in fact it is intertwined. To master the linkage effect, you need to have a deep understanding of the currency and make full use of information apps.
8. The allocation of positions should be reasonable. The allocation ratio of popular coins and value coins should be appropriate. Pay attention to the balance between stress resistance and profit acquisition. Being too conservative will miss opportunities, and being too aggressive may face high risks.
The core feature of value coins is strong stability, and the biggest feature of popular coins is violent fluctuations. It may soar to the sky or fail miserably.
9. Investing with spare money is the basic principle. There are coins on the market, funds in the account, and spare money in the pocket. This is the safest and most reassuring state. Don't go all in. The grasp of risk control and the reasonable allocation of funds are the key factors that determine your investment mentality and success or failure.
