Learn the trading strategy that lost 1 million, especially for beginners!
Here are trading strategies that beginners can quickly learn, very informative and hopefully helpful for everyone.
Contracts without plans and strategies are like gambling on luck; the scary part is not the loss, but that you don't understand why you lost. Without the ability to grow and discover your mistakes, profit made by luck can lead you to believe you are capable.
1. Stop loss all positions if it drops by half, double your capital. Don't focus on the amount, focus on the overall position and ratio. If the position is large, stop loss half the total position if it drops by 30%.
2. Avoid strong coins when shorting; market declines while they rise against the trend.
3. Only place limit orders, not market orders. It's okay if you can't buy, there will be another chance, but buying at too high a price greatly affects your mindset.
4. Don't touch projects that the team itself excels in trading; it's best to find projects with technical teams/artistic backgrounds to short.
6. Projects that financed in the last cycle and have no financing in this round usually face significant economic pressure, consider shorting.
7. Unless it's fully unlocked tokens, as long as there is real selling pressure from unlocked tokens and no real capital inflow, they can be added to the watchlist. People are always self-interested; no one can resist the temptation of vast wealth.
8. Write down your logic before taking action; many times you see the right opportunity but don’t hold onto it. If your mindset is poor and you can't accept losses, definitely don't open a position.
9. Limit contract trading unless shorting; only do long positions, not short ones, because what makes me money are long positions.
10. After closing a position, write a summary: “Where did this order go wrong?”, “How to improve next time?”.
Every time you open a position, record template:
? Short/Buy: ___________
? Coin type: ___________
? Opening price: ___________
? Target price (take profit): ___________
? Stop loss price: ___________
? Brief logic (in 3 sentences or less): e.g., unlocked; overheated; after the pump and dump, preparing to sell.
? Maximum acceptable loss USDT (percentage)
? Is adding to the position allowed? What are the conditions?: Save this post, every time you open a contract, write your little diary in the comments, reflect on yourself!
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