Summary of trading experience:

1． Currency: Specify the type of cryptocurrency you want to trade. For example, Bitcoin, Ethereum, etc.

2. Position: Decide how much you want to hold. This depends on your money management strategy and risk tolerance.

3. Direction: Determine whether to go long or short. This needs to be judged based on market trends and technical analysis.

4． Entry point: Determine the point at which to enter the trade. This can be decided based on technical indicators, support and resistance levels, etc.

5. Stop loss: Set a loss-making trading point to control risk.

6. Take Profit: Set a profit trading point to ensure profit.

7. Countermeasures: Develop strategies to deal with emergencies. For example, what to do when big news or volatility occurs.

8. Backhand: the operation after the transaction is completed. For example, record transaction logs, summarize experiences and lessons, adjust strategies, etc.

After formulating a strategy, the next thing you have to do is execute it, wait patiently, and strictly abide by trading disciplines.

Quietly wait for the market to develop towards your expected goal. As time goes by, there are two outcomes:

Lose money: Sum up experience, accumulate lessons, and become more courageous with every setback. Loss is a normal transaction cost and is normal.

Profit: You are safe, you can increase your position or adjust your stop loss position to gain more profits.

A transaction process is now complete.