Why do many people in the crypto world lose money while poor working girls earn over ten thousand a month!
As an ordinary working girl, I used to hustle everywhere for my family's livelihood until a few years ago when I accidentally got into the crypto world. After losing a few months' salary as a newbie, I now earn over five figures a month, relying on the following strategies:
1. Only trade Bitcoin and Ethereum, do not touch altcoins.
2. Mainly judge entry points for short positions based on the important moving averages above the 4-hour level. For example, if the MA60 moving average at the 4-hour level continuously suppresses the price, then use this moving average as the timing to enter short positions, generally using the support below at the same level or one level higher as entry points for long positions.
3. Set stop-loss below the previous low after a downward spike followed by a rise. For example, if the support level is 2220, and the spike goes to 2210, then set the stop-loss below 2210, around 2100.
4. Stop-loss on principal: If the loss exceeds twenty percent of the total principal, do not open new positions for the day. Daily operations generally focus on two trades, with a single stop-loss controlled at 10%, and the position size for each trade should remain consistent.
5. Try to enter positions in batches, do not fill up all at once, and try to follow the trend when opening positions. When the main trend is bearish, try to open short positions; conversely, when the market trend is good, chase trending coins, controlling the profit-loss ratio around 4:1. If daily stop-loss drawdown reaches 15% to 20% of the principal, do not open new positions for the day, and review daily.
6. In a crashing market: Wait in cash for a chance to enter in batches; if there are no opportunities, just wait in cash. In such a market, not losing is equivalent to gaining.
7. Profit-locking stop-loss: When the day's open positions have not hit the stop-loss and the K-line patterns at the same level have not been damaged, you may not need to bring a profit-locking stop-loss.
8. Never think about making a fortune overnight; only trade in your own market! Learn to stay in cash, do not force open positions, avoid overnight positions, and do not trade on weekends when there is no market. After hitting a stop-loss, control your mindset; if you can't, take a break.
This market changes every day; you must seize the right opportunity to act. If you are still too confused, feel free to follow along. I often share cutting-edge information and practical strategies, and you are welcome to come and discuss anytime to seize big opportunities together!
