Entering the market is not about avoiding losses, but about making profits. Recently, many friends have mentioned losses, which goes against our original intention of entering the market. Below, I summarize a few personal experiences that I hope will help my brothers.
1. Only trade these two mainstream currencies: BTC/ETH
2. Mainly use the important moving average group above the 4H level to determine the entry points for short positions in batches.
For example, if the MA60 moving average above the 4H level continues to suppress the price, then use this moving average as the timing for entering short positions.
Stop-loss: Set it at the previous high after a spike up and subsequent pullback. For example, if the resistance level is 2440 and the spike reaches 2450, then set the stop-loss above 2450. #Blockchain
3. Generally, use the support below the same level or a higher level as the entry points for long positions in batches. #Profit margin is large
Stop-loss: Set it at the previous low after a spike down and subsequent rise. For example, if the support level is 2320 and the spike drops to 2310, then set the stop-loss below 2310, near 2300.
4. Stop-loss on principal: 20% of total principal; if reached, no further trades for the day. 4.2. Daily operations generally focus on two trades, with a single stop-loss controlled at 10%.
The size of each trade position should remain consistent.
5. Try to enter in batches and avoid filling all positions at once!
6. Try to follow the trend when opening positions; if the main theme is bearish, try to take short positions and vice versa. When the overall market trend is good, chase trending coins (top 3 in price increase or highly popular coins).
7. Control the profit-loss ratio, keeping it around 3:1.
8. Daily stop-loss drawdown should be 10%-15% of the principal; if reached, no further trades for the day.
9. Daily review. Three. Market crash trading #Trader's sentiment: Wait for partial entry after a spike; if there are no opportunities, just wait with no positions. In this kind of market, not losing money is equivalent to making money.
10. Profit protection stop-loss: When the day's trades have not hit the stop-loss and the K-line pattern of the same level has not shown signs of breaking down, you can choose not to use a profit protection stop-loss. #Individual investors
Pattern! If either condition is not satisfied, then a profit protection stop-loss must be used. ETH: Protect profits after a 20-point gain. BTC: Protect profits after a 350-point gain. 2. Trailing stop-loss: ETH: Implement trailing stop-loss after a 35-point gain, using 3/5 minute levels for adjustments. BTC: Implement trailing stop-loss after a 500-point gain, using 3/5 minute levels for adjustments.
