There is a very simple cryptocurrency trading method that almost guarantees 100% profit. I made over 20 million using this method!
To establish a complete cryptocurrency trading model, learn these eight strategies:
1. Cryptocurrency: Determine which cryptocurrency you want to trade. For example, Bitcoin (BTC), Ethereum (ETH), etc.
2. Position: Decide how much you want to hold. This depends on your capital management strategy and risk tolerance.
3. Direction: Determine whether to go long (buy) or short (sell). This needs to be judged based on market trends and technical analysis.
4. Entry Point: Determine at what price point to enter the trade. You can decide based on technical indicators, support, and resistance levels.
5. Stop-Loss: Set a point to exit a losing trade to control risk. Usually, a stop-loss will be set below the entry point.
6. Take-Profit: Set a point to exit a profitable trade to ensure profits. Usually, a take-profit will be set at the target price level.
7. Countermeasures: Develop strategies to respond to sudden situations. For example, measures to take when significant news or volatility occurs in the cryptocurrency market.
8. Aftermath: Actions taken after the trade ends. For example, keeping a trade log, summarizing experiences and lessons, adjusting strategies, etc.
Once you have formulated the strategies, what you need to do next is execute them, then wait patiently, strictly adhere to trading discipline.
Quietly wait for the market to move towards your expected target. Over time, there are only two outcomes:
Loss: Summarize experiences, accumulate lessons, become more resilient; losses are a normal trading cost, very normal.
Big Profit: Secure your profits, you can increase your position or adjust your stop-loss to aim for more profits.
A trading process is thus completely concluded.
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