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I have summarized 8 iron rules for Cryptocurrency Trading, to you who have just entered the market, the content is not longer, but the gold content is very high, it is recommended to collect!
1. Don't rush to enter a position: It may be itchy to hear that others have made money, but don't rush in. It is necessary to understand some basic knowledge first, know what Cryptocurrency Trading is, and then consider investing money.
2. Be careful to chase rising prices and falling: don't follow the trend, don't blindly follow others to buy. You may not know until someone else buys it, but it may be too late by then. It's better to wait for a good time before starting.
3. Don't bet all your money on one target: don't put all your eggs in one basket. To diversify your investment, buy several different targets so that the risk is diversified.
4. Have a bottom line: set your own loss tolerance, and don't throw all your money into it for the sake of gambling. Set a stop loss point, stop loss in time when the loss reaches a certain level, and protect your principal.
5. long learning less blindness: long learn some crypto world knowledge, such as looking at the basic situation of the target and listening to the advice of experts. Don't just listen to rumors, don't just listen to rumors.
6. Don't be greedy: When you see that you have made some money, you want to make longing, and as a result, you may smash the pot and sell iron, and there is no point left in the end. Take out a part of the profit in time, and don't always think about making more long.
7. Don't be swayed by emotions: The market Fluctuation is large, don't be swayed by emotions. Don't rush to sell because others are as anxious as ants on a hot pot, and don't blindly chase rising prices just because others are buying.
8. Time is a fren: Don't worry, time is a frenche. Don't think about getting rich overnight, be patient, take your time, work steadily, and earn slowly.
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