I find that many people don't lack the ability to read charts; it's that they can't hold onto spot positions, and futures are easily stepped on by misjudgment. Position management, simply put, is about one thing: allowing yourself to "sleep soundly even if you're wrong." Don't use money you'll need tomorrow to withstand volatility in spot trading, and don't use emotions as collateral in futures— the more anxious you are, the easier it is to add positions and get wiped out.



If I hadn't been thinking about recovering my losses in one go back then, and had just reduced my position to the point where losing it didn't matter, I probably wouldn't have experienced that awkward moment of "seeing the right direction but still blowing up"... Anyway, now I just do dollar-cost averaging and take notes, treating ups and downs as background noise.

By the way, recently there's been a pretty fierce debate over privacy coins and mixing coins regarding compliance boundaries. My only feeling is: when rules are unclear, the ones who get educated first are often not the smartest, but the most influenced. That's all for now.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin