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Have you ever suffered heavy losses in the crypto world, but still can't find a stable and profitable method? Today, I want to share a heartbreaking story that someone lost tens of millions before they got four iron rules of trading. Want to know what those four are?
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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 ruthlessly crushed by the market. Only by following the market trend can you earn profits steadily.
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The second iron rule 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 law is "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 law is "adhere to compound interest". The compound interest effect is one of the most powerful forces in the stock market. Only by adhering to long-term investment can your funds achieve exponential growth. Do not be greedy for temporary windfalls and forget the magical power of compound interest.
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