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Details: ht
Have you ever lost a lot of money in the crypto world, but still can't find a way to make a steady profit? Today, I want to share a sad story, that is, someone lost tens of millions in exchange for the four iron rules of trading. Want to know which four?
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The first iron law is "follow the trend". In the crypto world, do not go against the trend, otherwise you will be mercilessly crushed by the market. Only by following the market trend can you earn profits steadily.
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The second iron law is "strict risk control". No matter how excellent your trading strategy is, without strict risk control, a huge loss could wipe you out. Therefore, we must set stop-loss points to avoid emotional trading.
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The third iron rule is to 'only trade 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. Do not blindly follow the trend, nor easily try new trading methods unless you have fully understood them. The last iron rule is 'stick to compound interest'. The compound interest effect is one of the most powerful forces in the stock market. Only by persisting in long-term investment can your funds achieve exponential growth. Do not be greedy for temporary profits and forget the magical power of compound interest.
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These four trading iron laws, although seemingly simple, contain profound investment wisdom. If you want to make stable profits in the crypto world, you must keep these four iron laws in mind and continuously apply and improve them in practice.