Previously talked about entry points in the trading system, the choice of entry points is very important for trading.
Those with practical trading experience know about false breakouts in the market, or poor entry points with large stop-losses. In such cases, you can only reduce your entry capital; often, in a big market trend, the profits are relatively small.
Everyone needs to summarize their own entry methods, don't mention those who enter based on random feelings.
A method I commonly use is to combine large and small timeframes to find entry opportunities.
Since we are doing trend trading, the method must include trend judgment, and then choose the trading level according to your own trading style.
Therefore, I recommend using the large, medium, and small timeframes for analysis.
1. Large timeframe: determining direction and analyzing trends, whether it is in a range or a trend, only engaging in the initiation and continuation phases of the trend, stopping to wait during ranges...
2. Medium timeframe: operational level, position level
3. Small timeframe: entry level, stop-loss level
Large, medium, and small timeframes should be chosen according to your own trading habits.
The following diagram reveals the method of combining large and small timeframes. The saying in the industry is to follow the large, counter the medium, and follow the small.
Trading cryptocurrencies and gaining insights is a similar process, from seven losses to two break-evens and then to one profit, it is simply about being focused, not being greedy for various profit models; firmly sticking to this trading system, over time this system will become your cash machine.
The master has been navigating the market for many years, deeply aware of the opportunities and traps within. If your investments are not going well and you feel reluctant about losses, leave a 999⑤ in the comments!!
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