1. Short-term trading
1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hot spots, news, daily MACD golden cross, BOLL contraction and expansion, combined with market trends, comprehensively consider and select volatile varieties for trading.
2. Manage your position well:
50,000 divided into 20% means 5 parts, each time take one part to build a position.
3. Never go all in, at most 50%, always leave 50% as a cushion for waiting for opportunities.
4. Do not trade more than 3 times in a single day; keep it manageable.
5. Never average down; if you enter and lose 30%, withdraw promptly. This indicates that the entry point is incorrect.
6. Set a stop loss at 30%; if it breaks, close the position unconditionally. Do not hold on to losing trades; holding will lead to death.
7. Never fall in love with candlesticks; get in and out quickly, remember!!!
8. Go with the trend, trend is king; only trade mainstream, not counterfeit small varieties!
2. Cryptocurrency survival mantra (recommended to memorize)
1. If there's a big drop in the morning, don’t rush to escape; generally, there will be a rebound in the afternoon!
2. If there's a big rise in the afternoon, reduce your position; there’s a high probability of retracement in the evening!
3. If there is a contraction in volume while rising, it will continue to rise; if there is a contraction while falling, it will continue to fall.
4. Major meetings or good news will generally lead to a rise, but it will fall once it lands.
5. If there is a continuous big drop during the day in the domestic market, buy the dip; at 21:30, foreigners will pull the market up.
6. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy or sell signal.
7. When you are heavily invested, you will certainly face liquidation. Why? Because you are on the exchange's focus list for liquidations.
8. After you complete the stop loss on your short position, it will definitely drop. If it doesn’t trick you into exiting or blowing up, how could it drop? For example, TRB.
9. When you are about to break even, just a little more, and the rebound suddenly stops. How could it let you exit and run away?
10. When you take profit, the market goes up; if you don’t exit, how can it rise? The position is too heavy.
11. When you are excited, a sudden drop will arrive as expected; your excitement is also a trap from the institution.
12. When you are broke, every project seems to rise, making you FOMO and hurry to enter. So, you understand that the market is manipulated with over 80% probability. You must control your position and be proactive; resolutely do not enter before understanding the institution's actions. Once you enter, the exchange will be the knife, and you will be the fish. Trading is a test of patience, composure, and timing. If anyone has different opinions, feel free to discuss, thank you!
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