Rather than buying at the bottom, I prefer to chase the rise, because I believe that human greed is limitless.
Relaying at high positions, limit up is my favorite; I would rather stand proudly at the top of the mountain than compromise at the bottom.
One must block their ears, not listen to hearsay about trading cryptocurrencies, nor pay attention to coin evaluations when buying coins. The analysts repeatedly recommend those few themed coins, while the big players buy and shout, and you follow the crowd, unwittingly becoming someone else's porters.
The difference between winners and losers who cut losses
Where does it lie?
The principle of cutting losses is to control losses within a predetermined range to avoid further losses.
The wrong method of cutting losses is to set the stop-loss point arbitrarily and never move it.
The determination to cut losses often relies on the fantasy of consequences.
The secret of losers
Knowing it’s wrong but still holding on, fantasizing about a miracle.
The secret of winners
Knowing it’s wrong and knowing when to run, and running very fast.
Are you a winner or a loser when it comes to cutting losses?
You must first learn to cut losses to preserve your capital, then learn to take profits to steadily increase your returns.
