Basic Structure of a Trading Operation (Strategy)
1. Market Analysis
Technical Analysis (TA): Charts, indicators (RSI, MACD, moving averages), candlestick patterns.
Fundamental Analysis (FA): News, tokenomics, project updates, macro trends.
2. Strategy Selection
Scalping: Quick trades on low timeframes (1m–15m) for small profits.
Day Trading: Opening and closing trades within the same day.
Swing Trading: Holding positions from days to weeks, based on medium-term trends.
Position Trading: Long-term holds based on macro outlook.
3. Risk Management
Position sizing: Use a fixed % of your capital (e.g. 1-3% risk per trade).
Stop-loss & Take-profit: Predetermined exit points to protect capital.
Diversification: Avoid putting all funds in a single asset or trade.
4. Tools & Execution
Use trading platforms (e.g., Binance, Bybit).
Consider automation tools or bots (like 3Commas or TradingView alerts).
Monitor trading journal and track performance.
5. Psychology & Discipline
Stick to your plan—avoid revenge trading.
Stay emotionally neutral: don’t chase pumps or panic sell dips.
Take breaks to avoid burnout.