Investment Education - Capital Management:
First, a comprehensive trading plan should be established, determining the cryptocurrency to be traded, minimum profit, profit-taking in batches, and maximum loss, as well as understanding where your profit points and stop-loss points are located.
It is important to understand that if the principal is shrinking, the difficulty of making a profit will increase.
A loss of 10% requires a profit of 11.1% to break even.
A loss of 20%, needs a profit of 25%
A loss of 30% requires a profit of 42.8%.
A loss of 40% requires a profit of 66.6%.
Loss of 50%, need
View OriginalFirst, a comprehensive trading plan should be established, determining the cryptocurrency to be traded, minimum profit, profit-taking in batches, and maximum loss, as well as understanding where your profit points and stop-loss points are located.
It is important to understand that if the principal is shrinking, the difficulty of making a profit will increase.
A loss of 10% requires a profit of 11.1% to break even.
A loss of 20%, needs a profit of 25%
A loss of 30% requires a profit of 42.8%.
A loss of 40% requires a profit of 66.6%.
Loss of 50%, need
Do you have a strict plan to protect the principal?
When facing a loss, I will double the principal and invest it.
When facing losses, first calm down and look for new opportunities.
Each order's stop loss is controlled at 1% of the full position margin.
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