The trading competition is like a small college entrance exam for professional traders, with 800 teams, and our team has only 95 members. However, we have jumped from 87th place last night to 56th place today. It's not about the number of people, but the quality of the elite.
To the brothers fighting alongside the team and to my long-time followers, here are some suggestions for placing orders that I hope can be helpful to everyone as we aim for the top 50. If you don't know how to join a team, you can refer to image two. Teams with higher rankings tend to have more members, so the prize money gets divided among many, making it less rewarding. The first choice for joining a team is Qianli Community, where there are fewer members and more elites, and the prize distribution is also better.
Years of trading insights:
1. If the market is unclear, you can choose not to place an order. There are many opportunities every month, and there’s no need to engage with today's market that you don't understand.
2. When placing orders, it is essential to strictly follow the stop-loss and take-profit plan.
3. If your trend prediction is wrong, you can choose to stop-loss early; you don’t have to wait until the stop-loss point to incur a loss (minimizing losses).
4. For profitable orders, you can hold on to them longer, and move the stop-loss up to above the cost price support (maximizing profits).
5. Confirm the direction based on the daily trend, and for the 1H line, buy on a breakout of resistance and sell on a bounce after breaking support. Calculate the profit and loss ratio for each order.
There are many trading methods; the above is just a general approach to placing orders. I believe there are many skilled traders in our elite team, and we will definitely aim for the top 30 in this team competition. These order placement methods are mainly targeted at beginners who are not very skilled in trading. If you haven’t joined a team yet, please refer to image 2 for tutorials.
The first choice for joining a team is Qianli Community, where there are fewer members and more elites: $BTC