The battle of finance, the way of trading in the cryptocurrency circle.
Looking at the financial market, it is like a battlefield, just like deploying troops, the food and grass are sent before the troops move. Let us ask ourselves, if we know that the war will be lost, will we still start a war easily? What does this have to do with our trading in the cryptocurrency circle?
Warfare is doomed to fail. Victory depends on preparation, advance planning, and careful research and layout. The right time, right place, and right people are all indispensable. Be well prepared and wait for the opportunity. When the time comes, the probability of winning will be greatly increased. Most of the time, we are carefully preparing, gathering our strength, and waiting for the best opportunity to appear.
Before entering the market, we need to understand in detail the fundamentals, policies, funds, news, etc. of the currency we are investing in. After selecting the currency to invest in, we can determine the timing of entry and exit through technical analysis. According to the size of our own funds, the cycle of fund use and costs, we can build cash flow capabilities, conduct position management and asset allocation. We should formulate strategies such as stop loss, stop profit, and risk control, and comprehensively consider possible results and unbearable losses.
After patiently waiting for the best time to enter the market, do not operate frequently, do not be a financial worker, and do not need to be anxious for the small profits in front of you.
After the layout is completed, just go with the flow, study when you should study, and enjoy life when you should enjoy life. This is the good state of a qualified investor.
Investing is a long process of waiting.
Have a clear mind, ignore the market fluctuations, and stay calm. After the bull market ends, getting the results you want is enough!