No market analysis today, there’s nothing to analyze, just a big drop. Let's talk about trading, especially in the crypto circle. No one can make money in the B circle without studying and not suffering losses, it has never happened. Some people just come in, make a few trades and earn money, thinking they are amazing, believing it's just that simple. But can you keep making money? No, humans are greedy, and you will continue to trade. As long as you continue, a liquidation is waiting for you. When trading, especially with contracts, prioritizing take profit and stop loss is paramount. Anyone who does not set a stop loss should not trade at all. Admitting failure and acknowledging losses is the first lesson; I say this to everyone. Failing is not scary at all. This time I failed, so I will organize my emotions and welcome the next trade. No one can be 100% successful. If someone has an especially high win rate, don't believe them. Those who average down and hold on will ultimately face liquidation. Setting a stop loss, you can fail many times; without a stop loss, you can't afford to fail even once. Even if you succeed 999 times, if you fail the ten thousandth time, all your previous efforts will be in vain. Forget about past trades, take profit and stop loss on current trades, and treat the next trade seriously. Let's leave it at that, wishing everyone wealth, wealth, wealth!
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[Satoshi] analyzes the morning market.
No market analysis today, there’s nothing to analyze, just a big drop.
Let's talk about trading, especially in the crypto circle.
No one can make money in the B circle without studying and not suffering losses, it has never happened.
Some people just come in, make a few trades and earn money, thinking they are amazing, believing it's just that simple. But can you keep making money? No, humans are greedy, and you will continue to trade. As long as you continue, a liquidation is waiting for you.
When trading, especially with contracts, prioritizing take profit and stop loss is paramount. Anyone who does not set a stop loss should not trade at all.
Admitting failure and acknowledging losses is the first lesson; I say this to everyone.
Failing is not scary at all. This time I failed, so I will organize my emotions and welcome the next trade. No one can be 100% successful. If someone has an especially high win rate, don't believe them. Those who average down and hold on will ultimately face liquidation.
Setting a stop loss, you can fail many times; without a stop loss, you can't afford to fail even once. Even if you succeed 999 times, if you fail the ten thousandth time, all your previous efforts will be in vain.
Forget about past trades, take profit and stop loss on current trades, and treat the next trade seriously.
Let's leave it at that, wishing everyone wealth, wealth, wealth!