3 Iron Rules for Short-Term Crypto Trading
1. Lock in Profits, Defend Your Gains 💰
When your coin rises 10%+, watch closely. If it drops back to your entry price, sell it—no hesitation. At 20% profit, don’t let gains fall below 10% unless you see clear signals of a peak. At 30%, aim to secure at least 15% before scaling out. You won’t catch every high, but steady gains will grow your account.
2. Minimize Losses, Don’t Linger in Bad Trades ⚠️
If your trade drops by 15% (adjust for your risk), cut losses immediately. This keeps your capital safe. If the price rebounds after you sell, no regrets—your timing was off, and that’s part of the game. Always set a stop-loss—this is non-negotiable.
3. Buy Low to Optimize Your Costs 🔄
If you sell and the price dips, but you still believe in the coin, buy back the same amount to lower your average. If it doesn’t fall much and rebounds toward your sell level, rebuy quickly—even with fees, this protects you from missing out. Combine this with stop-loss orders for stronger risk control. If volatility spikes, reassess your entry—don’t chase blindly.
Final Thoughts:
Short-term trading isn’t about luck or perfection. It’s about discipline: smart entries, quick exits, taking profits without guilt, and waiting for the right setups. Don’t aim for perfection—"good enough" is often good enough.
---
