In different market conditions, there must be different methods of operation:
Mainstream Coin Stable Strategy
Focus on high sell-low buy for BTC/ETH, absolutely do not touch any altcoins!
Secrets of Accurate Opening Orders and Stop Loss
1. Short Position Strategy: The opening point mainly depends on the important resistance moving average group above the 4H level for judgment, and then enter in batches. For example, if the MA60 moving average above the 4H level continues to suppress the price, then this moving average can be regarded as an excellent opportunity to enter a short position. Set the stop loss at the previous high position after a spike upwards, assuming the resistance level is 2440, and the spike reaches 2450, set the stop loss above 2450.
2. Long Position Strategy: Generally, use the support below the same level or a higher level as a batch for long positions, for example, if the support level is 2320, and the spike reaches 2310, set the stop loss below 2310, around 2300 is more appropriate. In this way, the long position operation can also have reasonable risk control.
3. Stop Loss and Position Control: Control the stop loss principal at 20% of the total principal, and once this ratio is reached, do not open any positions for the day. Daily operations generally focus on two trades, with a strict stop loss control of 10% for each trade. Moreover, the position size for each trade should always remain consistent to ensure the stability of the trading rhythm.
Follow the trend and chase the rise
When the overall market trend is good, it is possible to chase hot coins moderately, such as the top 3 in the gain list or highly popular coins. But be sure to control the profit-loss ratio, trying to keep it around 3:1, so even if there are occasional losses, the overall can still maintain profits. Daily stop loss drawdown control is set at 10%-15% of the principal, and once this range is reached, stop trading for the day to avoid excessive losses. In addition, review daily, summarizing the trading situation of the day, to continuously optimize your trading strategy.
Response Method for Market Crash
When a market crash occurs, the best strategy is to stay out and wait, then enter in batches when there are suitable opportunities. If there are no suitable opportunities, just stay out and wait; after all, in such a market condition, one must not enter blindly.
Profit Protection and Take Profit Techniques
1. Profit Protection Stop Loss: If there is no stop loss on the opening order for the day, and the K-line pattern at the same level has not been broken, then there is no need to bring a profit protection stop loss temporarily, be bold in positioning. But as long as any one of the conditions is not met, you must carry a profit protection. For example, set a profit protection stop loss for ETH after a 20-point floating profit, for BTC it is after a 350-point floating profit.
2. Moving Take Profit: Move the take profit for ETH after a 35-point floating profit, using the 3/5 minute level for operation; for BTC, move the take profit after a 500-point floating profit, also using the 3/5 minute level for operation. This can protect profits while maximizing gains.
Trading Mindset and Discipline
1. Never think about getting rich quick by betting it all; once the desire for quick wealth arises, it won't be far from a liquidation.
2. Only trade in markets you can grasp, learn to stay out and wait for opportunities, and do not force trades.
3. Try not to make overnight trades, take good hedging measures to reduce risk.
4. Try not to open positions on weekends, as market fluctuations during weekends tend to be quite strange.
5. After being stopped out, be sure to control your mindset and do not trade impulsively.#币安八周年 #美国加征关税 $BTC