A new rookie—lessons learned (will be updated continuously):

1. Risk first, profit second;
2. Open positions with a low position size, add to the key levels;
3. Missing out isn’t a loss—it may be avoiding a trap; don’t feel sorry for it;
4. Don’t regret selling too early—the profit you get is the real one;
5. Trade quietly on your own—if other matters and people interfere, under no circumstances make trading decisions; you will most likely lose;
6. Don’t get carried away—admitting defeat is much better than liquidation;
7. After consecutive wins or when you’ve taken a big gain, stop trading—doing it again will most likely lead to loss;
8. Keep a tight grip—don’t open orders easily when there’s no market;
9. Don’t trade against the trend (bottom-fishing), especially with altcoins;
10. You must set a stop-loss, especially with altcoins! (For low-leverage, low-position sizing with BTC/“big cake” and ETH/“small cake,” you can skip it, or set a stop-loss at a relatively far level that’s unlikely to be reached)
11. Don’t easily add to positions to average down—cherish every opportunity to add; after adding, the number of “chips” you have in hand to turn things around decreases

#交易感悟 #新手必看