There are many important factors and strategies in trading, and successful trading requires a lot of comprehensive technical analysis capabilities and skills. I have summarized some considerations in the transaction.
1. Correct perception
Make reasonable judgments on the market based on plans and cognitions, reap the benefits of cognition or bear the risks of wrong transactions. Correct cognition is the fundamental factor that determines the transaction. Learn to establish correct market awareness and self-awareness, analyze market fluctuations and trends, and formulate sound strategies.
2. Emotion management
Emotion management is an important part of trading. If you can’t manage your emotions, and always insist on doing what you think is right, you can easily lose a lot. Do transactions in your own risk tolerance, do not be affected by market sentiment, gradually establish your own trading model and standards, and slowly get rid of emotions.
3. Scientific fund management
Control the capital risk to a controllable range, and learn to bear different risks in response to different investment opportunities. The focus of fund management is not to control risks, but to learn to release risks at an appropriate time.
Any transaction must have its own methods and strategies, what do you think are the important factors in the transaction?
You are right. In trading, it is important not only to hold your bitcoin but to hold your emotions as well. When you panic, sometimes it result some loss. When you are trading, it is more important to hold and check the perfect timing when to buy and hold.