$PIPPIN Our goal in trading contracts is to earn U for a lifetime, not to keep earning U for a lifetime.
$B Brothers, today I'm sharing a few practical experiences with you, hoping they can help you navigate the crypto market more steadily.
$RIVER First: Protect your profits when you make money.
For example, if you buy a coin and it goes up by more than 10%, you should be cautious. If it drops back to your purchase price, sell immediately without hesitation.
If you gain 20%, set a rule that you won't sell unless you secure at least 10% profit. Unless you're certain it's a temporary peak, don't sell easily.
Similarly, if you gain 30%, make sure to lock in at least 15% profit before selling.
That way, even if you can't accurately time the top, your profits can keep growing on their own.
Second: Cut losses decisively when you lose money.
After buying a coin, if it drops by 15% (you can adjust this number yourself, but 15% is a reasonable benchmark), you should cut your losses and exit quickly.
This is to prevent deeper losses and avoid getting trapped.
If it later rises, that's fine โ it just means your entry point was wrong. Every mistake comes with a cost: loss.
Remember, always set a stop-loss before every trade. This is a must for cryptocurrency trading.
Third: Buy back at original price if the sold coin drops.
If you sell a coin and it drops, but you still believe in it, buy back the same amount.
This way, your coin quantity remains unchanged, but you have extra cash in hand.
If you sell and it doesnโt drop much, and you donโt buy back, but later it rises back to your selling price, you must buy back without hesitation.
Although this may cost a bit in fees, it helps avoid missing out on opportunities.
This principle can be combined with the stop-loss rule: buy back when it returns to original price, then stop-loss if it drops again. If you repeat this process and find the coinโs price keeps fluctuating, itโs time to reconsider your entry point.
Summary: Short-term crypto trading requires discipline. Fast entry and exit donโt mean aimlessๆ่
พ; chasing trends doesnโt mean reckless speculation; taking profits doesnโt mean cowardice; staying out of the market doesnโt mean quitting crypto. Donโt obsess over the absolute lowest or highest price points.
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