Four trading iron laws. Do you want to know which four?



The first iron law is "go with the flow". In the crypto world, don't go against the trend, otherwise you will be ruthlessly crushed by the market. Only by following the market trend can you earn profits steadily.

The second iron law is "strict risk control". No matter how excellent your trading strategy is, without strict risk control, a huge loss can bankrupt you. Therefore, we must set stop-loss points to avoid emotional trading.

The third iron law is 'only do transactions within the pattern'. Everyone has their own trading pattern, and only by trading within the pattern you are familiar with can you reduce the possibility of making mistakes. Don't blindly follow the trend or try new trading methods easily unless you have fully understood them.

The last iron rule is to "stick to compound interest". The compound interest effect is one of the most powerful forces in the stock market. Only by adhering to long-term investment can your funds achieve exponential rise. Do not pursue short-term profits and forget the magical power of compound interest.

These four trading iron laws, although seemingly simple, contain profound investment wisdom. If you want to stabilize profits in the crypto world, you must keep these four iron laws in mind and constantly apply and improve them in practice.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)