Learn to manage positions! Steady and sure, with monthly returns of over 70%.
1. Divide the capital into 5 parts, entering only one-fifth each time! Control a stop-loss of 10 points; if you make a mistake once, you only lose 2% of the total, and if you make 5 mistakes, you lose a total of 10%. If you're right, set a take-profit of over 50 points.
2. How to further improve the win rate? Simply put, it’s about going with the trend! In a downtrend, every rebound entices more buying; in an uptrend, every drop brings opportunities! Is it easier to profit from bottom fishing or from buying on dips? You know clearly in your hearts!
3. Avoid trading coins that have rapidly surged in the short term, whether mainstream or altcoins; very few can exhibit multiple waves of main upward trends. The logic is that it is difficult for them to continue rising after a short-term surge. When prices stagnate at high levels, they will naturally decline later; it's simple reasoning.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross above the 0 axis, it's a stable entry signal. When MACD forms a death cross above the 0 axis and moves downwards, it can be considered a sell signal.
5. I don't know who invented the term 'averaging down', but it has caused many retail investors to stumble and suffer great losses! Many people keep averaging down on their losses, leading to even greater losses, which is a big taboo in trading cryptocurrencies, putting oneself in a deadlock. Don’t increase your position when losing; increase your position when winning.
6. Volume and price indicators are paramount; trading volume is the soul of the cryptocurrency market. Pay attention when the price breaks out with increased volume at low consolidation levels, and decisively exit when there is increased volume at high stagnation levels.
7. Only trade coins in an uptrend; this greatly increases your odds and saves time. If the 3-day moving average turns upwards, it indicates a short-term rise; if the 30-day moving average turns upwards, it indicates a medium-term rise; if the 84-day moving average turns upwards, it indicates a main upward trend; if the 120-day moving average turns upwards, it indicates a long-term rise!
8. Insist on reviewing each session, checking whether the holdings have changed, technically assessing whether the weekly candlestick trends align with your judgments, and whether the direction has changed trend; adjust trading strategies in a timely manner!
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