1. Do not trade during the day; it's best to trade at night. Firstly, daytime anxiety can affect trading decisions, and secondly, it's hard to see the market clearly.
2. After making a profit, do not chase trades; take your profits. Never think that after one profitable trade, you can have another; otherwise, you may easily end up losing everything.
3. Going long is better than going short; do not short unless absolutely necessary.
4. If you have time to watch the market, do not set stop-loss or take-profit orders. This is to prevent minor fluctuations from triggering stop-losses and resulting in forced liquidation, which can impact larger profits. If you don’t have time to monitor, you must set them to avoid significant losses from sudden spikes, even to the point of losing everything.
5. The purpose of trading is to withdraw funds. Once you've made a profit, regularly transfer part of it to your fund account or withdraw it. Human desire is endless; after making a profit, you want to make even more, and as a result, you put all your gains back into the market and end up losing everything (from my personal experience). Also, if you experience continuous losses, do not top up your account again; control your mindset.
6. For short-term trading, look at the 1-hour candlestick chart. If there is a second-tier rise, go long; if there is a second-tier drop, go short. When faced with sideways movement, if you cannot determine the future trend, refer to the 4-hour and daily candlestick charts to decide whether to go long or short. Always set your take-profit and stop-loss.
7. Do not put all your eggs in one basket; try to diversify your funds and take multiple positions in different directions.$BTC $ETH $BNB #Strategy增持比特币 #币安Alpha上新 #加密市场反弹