There is a very foolish way to trade cryptocurrencies, earning 300 times in 3 months, relying solely on a single candlestick to determine the fate!
Let's cut to the chase and get to the most critical step—how to achieve rolling positions through adjustments in holdings.
1. Timing: Only enter the market when conditions are suitable for rolling positions.
2. Opening Position: Follow technical analysis signals to find the right moment to enter.
3. Increasing Position: If the market moves in your favor, gradually increase your position.
4. Reducing Position: When you've reached your predetermined profit, or if the market seems off, slowly sell.
5. Closing Position: Sell everything when you reach your target price, or when the market evidently shows signs of change.
Here’s how I operate; let me share my insights on rolling positions:
(1) Increase after making a profit: If your investment has risen, consider adding more, but only if your cost has decreased and the risk is lower. You don’t add every time you make a profit; instead, do it at the right moment, such as at a breakout point in a trend. If it breaks out, reduce quickly, or add during a pullback.
(2) Base Position + T trading: Divide your assets into two parts, keeping one part as a base position and trading the other part during market price fluctuations, which can lower costs and increase returns. Here are several ways to split:
1. Half position rolling: Hold half of the funds long-term while trading the other half during price fluctuations.
2. 30% base position: Hold 30% of the funds long-term and trade the remaining 70% during price fluctuations.
3. 70% base position: Hold 70% of the funds long-term and trade the remaining 30% during price fluctuations.
The purpose of this approach is to maintain a certain level of holdings while utilizing short-term market fluctuations to adjust costs, optimizing your holdings.
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