1000u opens 10 times, holding value 10000u; 2000u opens 5 times, holding value 10000u. The values are the same, but the liquidation prices are different, so don’t focus on the liquidation price; what matters is the stop loss.

Real cryptocurrency trading experts simplify things; they repeatedly do simple things. This short-term trading model has a win rate of up to 98.8%, and learning it can easily turn 100k into 10 million by only doing this one model.

I know a friend from Ningbo who loves short-term trading, particularly keen on many techniques. In just a few years, he has grown from small to large and now makes a living trading cryptocurrencies. I have improved his 'techniques,' and this year, after practical experience, he has turned an initial capital of 170k into 40 million in less than a year. I hope this sharing helps fans!

I have been trading cryptocurrencies for 10 years, earning 60 million. If you want to change your destiny, you must give cryptocurrency a try. If you can't get rich in this circle, ordinary people will never have a chance in their lifetime.

Cryptocurrency Trading Methods:

1. Buy mainstream value coins in large positions, spot (do not trade contracts), regardless of whether it rises or falls, hold it for the medium to long term based on entry price, and use rolling position strategies (adding or reducing positions).

When encountering a major market crash, don't panic if the four-hour chart doesn't break the 20-day line for several reasons:

a. Explosive Contracts: Without the right tools, don't play with contracts easily. Preserving your capital is essential to continue enjoying the bull market's dividends!

b. Demand for Pullbacks: After mainstream value coins surge, they usually need to pull back to the 5-day line or even the 10-day line to gather strength for further upward movement!

C. Cutting Leeks: Retail investors love to chase highs and sell lows. After retail investors chase highs, the market will drop quickly to scare them into cutting losses.

2. For profitable swing trades, reduce positions in advance or sell in batches at high levels to lock in profits;

3: Pre-set buy orders in batches at the daily level of 5-day, 10-day, and 30-day lines, buying in at low levels.

4: Based on the lifeline combat method + judging the trend of rise and fall, if the trend changes and effectively breaks down, withdraw quickly when it tests the lifeline.

5. During a sudden surge, you must have risk awareness and not blindly chase highs. During a sudden drop, have opportunity awareness and buy in batches at low levels.

6: For profitable positions, reduce holdings appropriately to avoid rollercoaster trading. For bottom-fishing positions, it’s advisable to set a stop loss to preserve capital.

7: If the direction is unclear, it's better to miss out than to make the wrong decision. Preserve your capital so you can smile longer.

No more nonsense!

Share my trading strategies and insights with friends. There's a saying, stand on the shoulders of giants to save ten years of struggle. If you have the chance to see this,

For friends looking to improve their cryptocurrency trading skills, make sure to look more, study carefully, and consider saving this!

Viewing the market with a developmental perspective in cryptocurrency trading is a state of infinity.

How should this sentence be understood?

In simple terms, it means whenever there's time, just open the computer and check if a trade can be made to earn some money to spend.

Previously, I introduced intraday short trading, which has skills and techniques, gaining the favor of many short trading enthusiasts; however, some traders feel that intraday short trading requires constant chart monitoring, which is too tiring and stressful.

They want to hold a trading position for a long time without constantly checking the charts; they hope to set higher profit targets while limiting losses to a smaller range. So is there such a trading method?

The answer is definitely yes, that is swing trading.

Swing trading is a very popular trading type, bringing relatively low pressure to traders while yielding considerable profits, especially for part-time traders, making it the perfect trading type.

But before introducing swing trading, it is necessary to emphasize one point:

Regardless of trading style, in the trading market, traders are fighting alone, responsible for their account funds, and cannot blame others even if they incur losses. One cannot say which is better; it depends on which method you prefer and which one suits you.

Take the forex swing trading expert I want to share with everyone today; he has been in the industry for over ten years, tried various types of trading and strategies, but still frequently faced liquidation.

It wasn't until he discovered swing trading that he realized it was the best trading type for him, and the daily chart could provide him with the most accurate trading signals.

Therefore, for forex trading to achieve stable profits, the first thing to do is to find a trading style that suits you, and then refine your trading strategy, rather than blindly imitating others.

01 Advantages and Disadvantages of Short-term and Swing Trading

Since we need to find a trading style that suits ourselves, we must first understand the advantages and disadvantages of each style. Let's first look at the advantages and disadvantages of short-term trading and swing trading:

The advantages and disadvantages of short-term trading are:

The market's intraday short-term volatility offers many opportunities, with trading opportunities based on 1-minute, 5-minute, and 15-minute periods being abundant.

Intraday trading models can effectively lock in short-term trading goals, making trading have clear pursuits and assessment indicators.

Intraday trading can lock in risks. Forcibly setting intraday stop losses according to funds and points, distributing funds for operational ratios, and quantifying positions makes risk control more practical.

Disadvantages:

Frequent trading carries higher risk probabilities.

Staring at the market for a long time consumes energy, creates significant pressure, and is detrimental to health.

Advantages and Disadvantages of Swing Trading

Advantages:

.Choose trades with higher profitability potential;

.Less pressure than intraday trading, no need to focus on charts all day; trading costs are lower than intraday trading.

Disadvantages:

.Long holding time brings overnight risk;

, requiring more patience and stronger principles.

Intraday trading has more potential profit, while swing trading offers more freedom and less pressure. In terms of profitability, any trading method can lead to profits, but the focus remains on personal character, skills, and knowledge.

Next, I will share this swing trading expert's understanding of swing trading and detail the six steps he takes in swing trading.

02 What is Swing Trading?

I introduced short-term trading in last week's article, so I won't repeat it today. Friends who haven't read it can check out the past articles you might have missed at the end. Today, we will mainly learn about swing trading.

Swing trading (Swing Trading, also known as oscillation trading) is a trading strategy that attempts to capture a large wave of upward or downward movement, with holding times ranging from a few days to several weeks.

Swing traders, while using technical analysis to find trading opportunities, also leverage fundamental analysis to analyze price trends and patterns.

Swing trading consists mainly of two parts—swing and fluctuation points. As shown in the diagram below:

03 How to Conduct Swing Trading?

Next, I will introduce the six steps of swing trading.

1. Focus on the daily chart

Observe the daily chart more because it provides the most comprehensive price trends and more reliable price signals.

But be careful: not all daily charts are worth paying attention to.

I mainly use the New York closing price daily chart. Because every 24-hour trading session closes at 5 PM Eastern Standard Time, which is also referred to as the 'closing time' of the forex market.

Therefore, I recommend that swing traders preferably use daily charts. If you've already made profits using the daily chart, you can try starting with the 4-hour chart.

In general, a higher time frame indicates more reliable price action signals.

2. Draw key support and resistance level lines

Draw key support and resistance level lines; this is the most important part of the entire process. For swing traders, if key support and resistance levels are not found, then profitability is impossible.

Next, I will introduce two important horizontal lines:

1. Support and Resistance Lines

Support and resistance are points on the chart that withstand continuous upward or downward pressure. Support levels are usually the lowest points in all chart patterns, while resistance is the highest point (peak) in the chart.

In addition, support and resistance levels are usually not an 'exact' level; it is best to view them as a zone.

2. Trend Line

Although trend lines are one of the most common methods in technical analysis, not all traders use trend lines, possibly because most traders cannot draw the correct trend lines.

Generally speaking, an upward trend line connects the low points of each fluctuation, while a downward trend line connects the high points of each fluctuation.

3. Judging Oscillation

If you have learned and can mark support and resistance areas on the daily chart, the next step is to use the high and low points of fluctuations to determine the oscillation.

Oscillation mainly consists of the following three types: upward trend, downward trend, and range trend.

1. Upward Trend

Higher highs and higher lows, the diagram below shows a typical upward trend:

In the above diagram, each fluctuation high point is higher than the previous one, allowing for buying in this bullish trend.

2. Downtrend

Lower highs and lower lows, the diagram below shows a typical downtrend:

In the above diagram, each fluctuation high point is lower than the previous one, indicating a selling opportunity.

3. Range Trend

Horizontal movement, also known as a consolidation period, as shown in the diagram below:

Range trends are the most common type of trend. Although the above diagram does not show a bullish or bearish trend, swing traders can still profit within this range, and it may even be easier to profit than in the other two oscillation trends.

What should be done?

Utilizing support and resistance levels. As shown in the diagram below, pay attention to the two pin bars in the chart:

4. Finding Price Action Signals

Through the above 3 steps, you have identified the oscillation on the current daily chart.

1. If the market is in an upward trend, you should start paying attention to key support buy signals, as shown in the diagram below, where a bullish pin bar appears at the key support level.

The bullish pin bar in the above chart is a buy signal, indicating that we can profit in the ongoing upward trend.

2. If the market is in a downtrend, then pay attention to sell signals at resistance levels, as shown in the diagram below:

We can use the bearish pin bar in the chart as a sell signal.

In fact, for swing traders, capturing the entire swing is challenging. What we can do is pay as much attention to swing changes as possible and patiently wait until the price trend is confirmed before entering the market.

5. Determine Exit Point

Determining exit points has one important prerequisite: establishing take profit and stop loss before entering the trade. This is because once in, your emotions will be influenced by market changes.

So, how do we determine the exit point?

It's simple, still based on support and resistance levels, as shown in the diagram below:

The above diagram is a GBPUSD daily chart: it is clearly an upward trend, and the price has exceeded our set profit target.

When this situation occurs, there is no need to be frustrated, we have captured most of the upward trend. Remember, trading should not be overly greedy.

Let's take a look at the AUDNZD daily chart: we can also determine take profit based on support and resistance levels, which is the exit point. As shown in the diagram below:

In conclusion, support and resistance zones and trend lines are the foundation of all trading setups. Once these are determined, entry and exit points become clear.

6. Calculate and Manage Risk

Currently, risk is usually calculated using the R multiple, for example, setting a 100-point stop loss and 300-point take profit is 3R. If your capital is $100 and you profit $500, the risk-reward ratio is 5R.

Risk management essentially involves stop loss and take profit:

Stop Loss: The best stop loss level is at the upper or lower end of the pin bar tail.

If a bullish or bearish engulfing pattern appears, the stop loss should ideally be set 10 to 20 points above or below the candlestick.

Take Profit: Taking profit is still related to key support and resistance levels. For swing traders, the key to profit is capturing the fluctuations between support and resistance.

If there is an upward trend in the market and a bullish pin bar forms at the support level, then take profit should be set at the next key resistance level.

In the investment process of all die-hard fans, we not only provide investors with analysis ideas, basic knowledge of watching the market, and various investment tool usage methods, but we will also bring exciting fundamental interpretations, analysis of chaotic international trends, and identification of various investment forces.

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