#Gate.io储备金突破$100亿 crypto world personal experience

Avoid greed! Avoid emotional fluctuations! Avoid chasing highs and selling lows! Avoid not taking profits!
Greed is the main culprit. I have been liquidated multiple times because of greed. Even if I make a profit of only 10 yuan, if the situation is not right, I must immediately close the position and wait! Otherwise, I will lose everything and even get stuck. Therefore, I 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 volatility, and life factors are all called emotional fluctuations. At this moment, staying calm, watching the sidelines, and resting in an empty position is also a means of operation. Be patient, don't rush to buy when it rises, 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 opportunity to buy, just wait for a pullback! If you didn't go short, wait for a high position to strike!
How many times has chasing highs and killing lows harmed people? Human nature often leads to the urge to buy when things look up, blindly placing orders, and if lucky, making a profit. However, most end up trapped after buying in! The same goes for killing lows.
When the profit reaches a certain amount, it is necessary to set stop-loss and take-profit, and the stop-loss should be adjusted slowly as the profit grows! This way, even if the stop-loss is breached, you can still make a profit. The same applies to take-profit. Sometimes the market trend can be quite volatile, with frequent sharp movements upwards or downwards. Stop-loss and take-profit are good strategies for locking in gains.
If there is a situation of being trapped, set the stop-loss immediately! Don't think it will rebound. Sometimes, when it falls rapidly, the stop-loss position is quietly adjusted downwards again! This is definitely not the right operation. You are greedy and gambling! I have suffered many losses on this. If the situation is not right, close the position immediately, wait and choose the appropriate place to buy in again, and be willing to cut the loss! After cutting the loss, go buy in again, and your profit will come back quickly. Losing a little to gain more, remember this principle!
Opening a position allows for initially buying in a small amount. When the price rises, increase the position in fixed quantity; when it falls, decrease the position. These are all operational methods, and one should learn to operate progressively. Buying a large amount at the opening is a very unstable way of operating!
Learn how not to lose money here before thinking about making money!!! Long-term survival is the key!