Contract Experience Sharing

First, when you make a profit, you need to protect it.
For example, if you buy a coin and it rises more than 10%, you should be cautious. If it later falls back to your purchase price, sell immediately without hesitation.
If you make a 20% profit, then you should set a rule that you won't sell unless the profit is at least 10%, unless you're sure this is a temporary high point, then don't sell easily.
Similarly, if you make a 30% profit, you should hold on until at least 15% profit before selling.
This way, even if you can't judge the high point accurately, your profits can grow on their own. $QAIT
Second, when you lose money, you must cut losses decisively.
If you buy a coin and it loses 15% (you can set this number yourself, but 15% is a good reference), you should cut your losses and sell quickly.
This is to stop losses in time and prevent yourself from falling deeper.
If it later rises again, that's okay; it indicates your entry point was wrong. This is a mistake in trading, and mistakes come with a cost—that is, a loss.
Remember, every trade must have a stop-loss set; this is an essential condition for trading cryptocurrencies. #币圈生存法则
Third, if a coin you sold drops, buy it back at the original price.
If you sell a coin and it falls, but you still believe in it strongly, buy back the same amount of coins.
This way, your coin quantity remains the same, but you have more funds on hand.
If you didn't buy back after a small drop and it later rises back to your selling price, you must buy back unconditionally. $ALLO
Although this may cost some extra fees, it can avoid many missed opportunities.
This principle can be combined with the stop-loss rule: buy back when it rises to the original price, stop loss when it falls.
If you do this multiple times and find the coin's price is always unstable, then you need to choose a new entry point.
In short, short-term trading in crypto requires principles; quick in and out doesn't mean reckless; chasing hot spots doesn't mean rushing blindly; taking profits when seeing good opportunities doesn't mean being timid; holding cash and watching isn't the same as quitting the crypto space.
Don't be too obsessed with the lowest and highest prices for buy and sell points.
Follow Fang Ge's signals, contact me for details, and let's discuss together.