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Do not use the funds that affect your life to trade cryptocurrency. I have a little brother who, when he first met me, was humble and cautious. He sent me voice messages at midnight asking questions about kdj, macd, and ma lines. I taught him a little bit of the basics, and this guy was thrilled, thinking he was invincible and guaranteed to win. He opened a heavy position, and in three months, he went from 20K to 80K. I repeatedly advised him against this, but he showed me screenshots of his profits, saying that I had lost my ambition and dreams due to my liquidation, and that I was too conservative. You know how hard it is for a university graduate to find a job. After earning a few tens of thousands in a short period, he boldly decided to quit and wanted to become a professional trader. Then on December 4th, there was a big dump, and he sent me a voice message with a trembling voice. The market gave this little guy a harsh lesson. Profits should be taken when it's time to take profit. (Fighting with your back against the wall is not suitable for the crypto world; before you step into this circle, at least leave yourself 1-2 escape routes.) Entering the market has risks.
I personally trade, and there are mainly 2 types of take profit operations: 1. Either take all profits and secure them, or 2. If I am optimistic about future profits and want to be greedy, I close half of the position, take a breakeven loss, and use the profits to aim for a larger space. Even if it returns to the cost price and I incur a loss, it is still a profitable exit!