The Importance of Investment Strategies - Top Cryptocurrency Exchange Platform

In every field of diligent pursuit,

First-class,

Feasible strategies are an indispensable part of success.

The importance of such strategies in the field of financial speculation is no less than their importance in marathon races,

Tennis tournaments,

Chess competitions, or corporate acquisitions.

This common characteristic is reflected in the following fact: success or victory involves not only technical aspects,

but also strategic considerations.

Many contemporary investors are roughly on the same level in their trading or proactive techniques,

and the main difference between winners and those who fail to become winners is whether they consistently and disciplinedly employ first-class and feasible strategies.

Correct application of good strategies is especially important in stock and commodity speculation.

“Trend is your friend,”

“Cut your losses and maximize your profits,”

“The first loss is the cheapest loss”… These winning strategies have the most basic forms,

Perhaps all traders can remember them.

However,

Consistent winners are able to wholeheartedly adhere to these winning strategies,

while consistent losers wholeheartedly violate and avoid applying these strategies.

The following content constitutes the essence of basic strategies:

1. Only participate in markets with strong trend movements or where the main trend is forming.

Identify the current main trend of each market and only hold positions that align with this main trend direction,

or choose not to participate.

2. Assume that the direction you trade in is consistent with the trend,

and establish your positions based on a significant price difference created by previous or subordinate trends,

or place your positions at a moderate counter-trend position relative to the current main trend.

3. Your trend-following positions can form very favorable changes,

so you should坚持 holding such positions.

4. Once the movement direction of your held positions is favorable to you,

and your technical analysis also confirms this favorable trend change,

you can increase your positions under certain specific conditions (pyramiding).

5. Unless trend analysis indicates that the market has reversed,

you should maintain your held positions.

6. If the market moves contrary to your expected direction,

then your daily equity status can tell you in some unspecified way.

In addition, three more important points are needed: discipline,

discipline,

and discipline.

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