#BTC重回十万 #GT突破历史新高 #XRP突破新高 Personal Experience in the crypto world

Avoid greed! Avoid emotional fluctuations! Avoid chasing highs and selling lows! Avoid being unable to run when making a profit!
Greed is the main culprit. Multiple liquidations have been caused by greed. Even if you make a profit of only 10 RMB, you should immediately close the position and wait if the situation is not right. Otherwise, you will spit out all your earnings or even be trapped. Therefore, you must not be greedy!
What is the fear of emotional fluctuations? When one's own state is not good, factors such as losing money, market fluctuations, and life factors are all called emotional fluctuations. At this moment, being calm and waiting on the sidelines to rest is also a means of operation. Be patient, don't panic if you missed the rise, and the same goes for when it falls. Sometimes the market fluctuates greatly, so it's important to stabilize your emotions. If you missed the rise, just wait for a pullback! If you haven't gone short, wait to attack at a high position!
How many times has chasing highs and killing lows harmed people? Human nature often looks at the rise and thinks about not getting on the train. They blindly trade and open positions, and if they are lucky, they can make a profit. But most of the time, they get trapped after getting on the train! The same goes for killing lows.
When the profits reach a certain level, it is necessary to set up stop loss and take profit, and modify the stop loss gradually with the increase of profits! This way, even if the stop loss is broken, you can still make profits, and the same applies to take profit. Sometimes the market trend will frequently fluctuate! Stop loss and take profit are good operations for locking positions.
If there is a situation where you are trapped, immediately set a stop-loss! Don't think it will rebound or pull back. Sometimes, when it is about to fall quickly, the stop-loss level is quietly adjusted downward! This is absolutely wrong operation, you are being greedy and gambling! I have suffered many times here. If the situation is not right, close the position immediately, wait and choose the right place to bottom fish, and be willing to cut losses! Cut losses and then bottom fish, your profits will quickly come back. Losing a watermelon to pick up a Gate.io, remember this principle!
Opening a position allows you to initially buy at a lower amount. If the price rises, you can increase your position accordingly. If the price falls, you can reduce your position. These are all operational methods, and you need to learn to progressively operate. Opening a position with a large amount of buying is not a stable operational method!
Learn not to lose money here first before thinking about making money!!! Long-term survival is the way to go!