Work hard to become the kind of person you like. Even if you are not without achievements, you will at least like the way you have worked hard. When encountering bad market, deal with it appropriately, filter appropriately, meet good one side, aim and shoot, and make decisive moves. . The best way to keep fresh in the world is to constantly improve yourself, so that you can become a better and more worthy of respect and love.
1. Reasonable investment, remember not to use the necessary funds as capital
If you want to become a successful Bitcoin contract investment-margin trader, you must first remember not to use your life funds as trading capital. Excessive capital pressure will mislead your investment strategy, increase trading risks, and cause even greater mistakes. . And each investment is best to be one-third of your idle funds, you can gradually join when you succeed
2. Do not operate against the trend.
You can only go long in a rising wave, and you can only go short in a falling wave, even as long as there is no major reversal in the market, remember not to operate against the trend! Don't feel sorry for a few yuan callback, just ambush at the support level of the callback. The market will not be shifted by human will, the market will only extend according to the laws of the market
3. It is not easy to trade too frequently
Under normal circumstances, do not trade within the range of up and down 2-3 points, unless you are already a short-term expert, it is best to tie a support level or a resistance level, the range should be at least 5 points or more; don’t lose money After eager to reverse the book, you should calm down, analyze carefully, and then fight again. In the face of a loss, remember not to rush to open a new reverse position and try to turn around. This will often only make the situation worse. Only if you think the original forecast and decision are completely wrong, you can close the losing position as soon as possible and open a new reverse position. Teacher Ziying recommends remember not to be emotional, rather to miss the opportunity and never risk doing something wrong!
4. Strictly stop losses to reduce risks
When you are trading, you should establish a tolerable loss range. Make good use of stop-loss trading to avoid huge losses. The loss range depends on the account funds situation. It is best to set the total account amount to 3-10%. Reach your tolerance limit. Don't find excuses to wait for the market to turn around. You should close your position immediately, even if the market does turn around after 5 minutes, don't calm down, because you have removed the risk that the market will continue to deteriorate and the loss will increase indefinitely. You must formulate a trading strategy, remember that you control the transaction, not let the transaction control you and hurt yourself.
5. Learn to implement the trading strategy thoroughly and don't find excuses to overturn the original decision
The most fatal mistake of trading and destroying everything is that when you lose and start making excuses, don’t confess the loss and close your position, thinking that the market may turn around at once? When you continue to have this idea, you will not have the heart to go. End this loss and continue to expand the position, but will only lose reason and wait for the market to return. Market changes are ruthless, and will not turn around because of anyone's infatuation. When the loss exceeds 50% or more, the trader will eventually be forced to close the position, or even triple the position so that the position becomes overwhelming. Traders not only lose money but also lose courage, they will lose their confidence and decision. This mistake The reason is simple-"greed". Losing 20% will not make you lose the opportunity to make up for the loss, and it is possible that the next trade will make more profit, but losing a position in one or two trades will completely ruin the opportunity to make more money. Pen losses are difficult to make up. In order to avoid this fatal error, Mr. Ziying suggested that a simple rule must be remembered-do not let the risk exceed the originally set tolerable range, once the loss has reached the original set limit, do not hesitate to close the position immediately !
6. Mistakes are inevitable, you must remember your lesson and don’t repeat the same mistakes
Mistakes and losses are inevitable. Don't blame yourself. The important thing is to learn from them and avoid making the same mistakes again. The sooner you learn to accept losses and remember lessons, the sooner you will gain profits. In addition, you must learn to control your emotions. Don't be excited because you earned $8000, and don't want to hit the wall because you lost $2000. In trading, the less personal emotions you have, the more you can see the market situation and make the right decision. To face gains and losses with a calm attitude, understand that traders do not learn from gains, but grow from losses. When you understand the reason for each loss, it means that you have taken a step towards profit because of you. The right direction has been found.
7. Record the factors that determine the transaction
Daily detailed record of the factors that determine the transaction, whether there are any event messages or technical indicators that make you make a transaction decision at that time, analyze the transaction and record the profit and loss results. If it is a profitable trading result, it means that your analysis is correct. When similar or the same factors appear again, your trading records will help you quickly make correct trading decisions; of course, losing trading records can Let you avoid making the same mistake again. You can’t keep all your trading experience in your mind, so this record will help you improve your trading skills and find out where the mistakes are. Pay attention to the official account: Ziying said coins
8. Do not have a trading mentality that is eager to turn over
In the face of a loss, remember not to rush to open a new reverse position and try to turn around. This will often only make the situation worse. Only if you think the original forecast and decision are completely wrong, you can close the losing position as soon as possible and open a new reverse position. Don't play the guessing game with market changes. It is better to miss a trading opportunity than to make a loss.
9. Take profit and stop loss are equally important
Remember the old general rule of the market: the loss-making position should be terminated as soon as possible, and the profitable position can be held for as long as possible. Another important rule is not to allow losses to occur on previously profitable positions. Faced with a sudden reversal of the market, instead of closing positions without profit, do not allow the original profitable positions to become losses. The specific method is to gradually increase (or decrease) your stop loss (win) position as the price rises (or falls). Don't wishful thinking that it will go up indefinitely, and resolutely don't make a profitable list into a loss.
10. You are your own worst enemy
The biggest enemy of a trader is yourself-greed, irritability, out-of-control emotions, unpreparedness, over-self, etc. It is easy for you to ignore market trends and lead to wrong trading decisions. Don’t trade simply because you haven’t entered the market for a long time or are boring. There is no certain standard to stipulate how much volume must be traded in a certain period. Even if you only open a position within 2-3 days, the trade will be profitable. A value of 1000 to 3000 means that your decision is correct and there is nothing wrong with it.
Ziying has long focused on guiding digital currency, professional analysis of capital planning, market technical indicator analysis, objective and rational, clear thinking, welcome to like and pay attention! There are operations in the near future, those who want to learn, and those who are covered in quilts, please leave a message and discuss them together, and get real-time operation guidance.