Don't imagine stability as something so sacred. I have been doing this for 7 years, including 4 years full-time. Life is quite free and easy, and there's not much pressure; stable profits are definitely much better than an ordinary office worker's.
However, this profit is also limited. It's not that many people think they can gather all the wealth in the world.
It took me 6 years to figure out a trading system that suits me, and it was only with the guidance of experts that I gained insight!
Although I can't say I'm rich and powerful at the moment, I have achieved stable profits and can reliably outperform over 90% of people.
I understood long ago that a good trading system can effectively help investors with their investments. I also realized that without a trading system, investing aimlessly is destined to lose more and win less. However, summarizing a trading system is indeed quite difficult.
First, I want to emphasize that a good mindset is more important than skills.
1. Capital management:
If your funds are limited, you need to be more frugal. Just seizing one big opportunity for growth in a year is enough. Don't always operate with full positions; keep a certain amount of funds in reserve to deal with emergencies.
2. Improve your understanding:
Profits are closely related to your level of understanding. Simulated trading can help you familiarize yourself with the market, but real trading with real money will bring greater psychological pressure and challenges.
3. Timely profit-taking:
When there is good news, if you fail to sell on that day, the opening high the next day is the best exit point. Good news usually triggers a lot of selling, leading to a price drop.
4. Holiday strategy:
When approaching holidays, reduce your positions in advance or simply refrain from trading. Market activity tends to decrease during holidays, and manipulators are likely to take action when liquidity is low.
5. Hold for the medium to long term:
When making medium to long-term investments, ensure you have enough liquid funds on hand. Sell appropriately when prices rise and buy more when they fall. This way, you can both lower costs and adjust strategies flexibly.
6. Choose superior cryptocurrencies:
For short-term trading, choose those cryptocurrencies with high trading volume. Poor liquidity can get you into trouble.
7. Understand market rules:
The market usually presents a pattern where a slow decline is often followed by a mild rebound; while a sharp decline may lead to a quick rebound.
8. Strict stop-loss:
- Once you find that the direction has reversed, you should immediately cut losses and not hold onto fantasies waiting to break even. Protecting the principal is the most important thing.
9. Use technical analysis + tools:
For short-term traders, regularly checking the 15-minute candlestick chart and using indicators like KDJ to find entry and exit points is very important. Paying attention to indicators like MACD+ and RSI+ is also a good choice.
10. Focus on mastering a few skills:
Focus on a few that suit you best, and there's no need to pursue mastering all technical analysis methods.
Daoshen has traversed the market for many years, deeply understanding the opportunities and traps within. If your investments are not going well, and you feel unwilling to accept losses, leave a 999⑤ in the comments section!
$PENGU $NEIRO
