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Bought some $STO spot, short-term, buy and sell quickly. Some crypto friends are asking me how much I see.
I think trading first and foremost is about preserving capital. If the trend is wrong, you must cut losses; even in spot trading, you need to cut losses. If it rises and makes a profit, you definitely shouldn't lose money; set your own stop-loss or sell in batches.
If you're unsure about how to sell in batches, how to set stop-loss, how to choose the target, etc., you can search for information online to learn, or contact us for training.
One principle is that losses should not exceed 10% of the account. In profit situations, if the price keeps rising, according to your trading level, reduce your position by 10-20% when a K-line rises.