💥Must-See for Short-Term Trading! 3 Iron Rules to Teach You Precision in Taking Profits and Cutting Losses, a Practical Guide Even Beginners Can Understand✨
Newbies, don’t rush blindly! Remember these three life-saving rules for short-term trading to reduce losses by 80% through personal testing💰
🌟 Iron Rule 1: Secure Your Gains! Only profits you can hold onto are yours!
▪ Be alert when it rises by 10%! If the price falls back to the cost price → sell immediately! Don’t wait for further losses👋
▪ Set a bottom line at 20% profit: don’t sell if the earnings are below 10%, unless you are sure it’s a peak🚩
▪ If you earn 30%, at least secure 15% profit before selling! Even if you miss the peak, don’t be greedy; it’s safer to secure the profits in hand💸
✨ Tip: After each profit, note down the “Take Profit Point” in a memo; take a glance before executing any trades!
🌟 Iron Rule 2: Cut Losses Firmly! Don’t let a 15% loss turn into a 50% disaster😱
▪ If you lose 15% (adjust according to risk tolerance) → decisively cut your losses! The longer you hold onto losses, the more you lose is a hard rule🚫
▪ Don’t regret if the price rises after cutting losses! Acknowledge “the entry timing was wrong”; securing your capital is key for the next opportunity💡
▪ Always set a stop loss when opening a position! This isn’t about being timid; it’s basic discipline for traders📌
✨ Reminder: Set your stop loss at 90%-95% of the purchase price, don’t leave room for “sneak attacks” in the market~
🌟 Iron Rule 3: Buy Low to Reduce Costs! A miraculous operation even if you miss selling🔄
▪ After selling, if the price drops → if you are optimistic about the outlook, buy back the original amount; the quantity remains the same and you profit from the price difference💰
▪ If the price doesn’t drop much after selling and then rebounds → don’t fear the transaction fees; recover at the original price! Missing out is more painful than a loss😖
▪ Use in conjunction with stop losses: buy back when it rises to the original price, and stop loss again if it falls, repeatedly testing to find patterns📊
✨ Warning: Don’t stubbornly hold onto coins with too much volatility; timely switching is more beneficial than stubbornly holding on~
Lastly, highlight this point!
Short-term trading isn’t randomly messing around; it’s about strictly adhering to rules and being “fast, precise, and ruthless”!
Don’t chase the lowest or highest prices; capturing the middle waves is enough to satisfy✨
👉 Remember: Taking profits is rational, cutting losses is courageous, buying low is strategic —
Master these three, and you’ll never be “the chives that get cut” again!
⚠️ Investing carries risks; proceed with caution. The above is merely a personal experience sharing and does not constitute any investment advice~