After years of navigating the cryptocurrency asset trading market, I have summarized 10 practical experiences to share with everyone:
1. Capital Management: Focus on efficiency when trading with small capital. Capturing one effective fluctuation in a day is sufficient. Avoid frequent operations and eliminate full position risks.
2. Response to Positive News: After the release of significant positive news, if you have not taken profits by the end of the day, it is recommended to exit decisively when the market opens high the next day. The market often exhibits the effect of "buying expectations and selling facts."
3. Event-Driven: Pay attention to macro events and important milestones, such as policy releases and industry summits. When uncertain about market direction, consider reducing positions in advance or temporarily observing until the trend becomes clear.
4. Medium to Long-Term Strategies: When positioning for medium to long-term contracts, it is essential to maintain light positions and reserve sufficient funds to cope with fluctuations, with stable compounding as the core goal.
5. Short-Term Trading Essentials: Short-term trading emphasizes following the trend, entering and exiting quickly. Maintain patience during market fluctuations and wait for the trend to become clear before entering.
6. Learning and Communication: It is recommended to follow professional information platforms, systematically learn trading knowledge and market analysis methods, and establish a scientific trading system.
7. Volatility Patterns: Market volatility patterns exhibit symmetry; rapid increases are often accompanied by quick retracements, so it is necessary to anticipate reverse trends when trading.
8. Stop-Loss Principles: If you realize a misjudgment in direction, you should immediately stop-loss and exit. Timely stop-loss is key to controlling risk and effectively protecting trading capital.
9. Technical Analysis Tools: For short-term trading, focus on the 15-minute candlestick chart and use technical indicators like KDJ to assist in determining entry timing.
10. Mindset Development: Trading skills can be learned, but cultivating the right mindset is even more important. Maintain calmness and rationality, overcome greed and fear, to achieve stable profits in the market.
