Miles Deutscher, who has experienced significant losses in 2021, warns Trader to avoid repeating common mistakes during the current market cycle. Analysts emphasize the importance of maintaining strong beliefs in choosing investment while avoiding emotional reactions to daily market fluctuations. The main trading strategies include continuing to continue to grow in a highly profitable position, quickly reducing investment to release capital for better opportunities.
The encryption market is currently in a major recession, and many altcoins are suffering significantly. So is the bullish market over? Do I need to sell all memories?
Australian analysts, Miles Deuture, say that they earned millions in 2021 and lost them mainly for “round -trip”.
This cycle, I have already seen people making the same mistakes in 2021 that it costs millions of money. I don’t want you to waste this cycle. I’m pleading to you -it’s not too late to change your way.
Miles Deuture Block noise and focus on the belief of the core
He pointed out that a big mistake has been paying too much attention to daily market fluctuations. Yes, it is important to provide information, but Deutscher does not change your long -term strategy. News trading is very dangerous.
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Therefore, he recommends your head, block, and execute your head.
Analysts also believe that it is important to do your research and build a portfolio you really believe. He said in X.
Another hint of Deutscher is to “put the winner and reduce the loser quickly.”
This strategy suggests that if you get a well -working investment, you need to keep it in place of cashing early. The theoretical basis is that successful investments can often continue to work well over time, which can lead to greater profits.
One way to do this is to use a trailing stop order. Thus, investment can continue to grow while automatically sells investment when a certain rate of decrease from the peak, and increases profits.
Keep your calmness and your interests
Deutscher says that most traders are doing the opposite. Because it feels like a personal defeat.
Most people in the ciphers tend to oppose, as selling losers is sick. But in most cases, you will earn more money (of course, in step) to quickly disconnect the loser.
Miles Deuture By acquiring profits (TP), investors can gradually secure profits, leave some of the investments that are active in the market, and earn future benefits. 。
This can prevent the “round tripping” scenario by ensuring that some profits are being realized before the economy is compliant with the philosophy of carrying the winner.
Furthermore, by quickly reducing losses, investments with insufficient investment prevent the value of the portfolio.
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This also releases the capital that can be re -assigned to more promising opportunities, rather than being tied in a lost position.
As usual, this is not a financial or transaction advice, but you must always do your own research. But don’t let your emotions trade for you.
If you want to know more about the unstable market situation strategy about navigates, the guide here is a great starting point.