Many people in the crypto world lose money trading contracts, but this strategy for working girls can earn a monthly income in the crypto space while avoiding pitfalls and traps. As a working girl from a small village who has come to the big city, I still have to hustle for my family's livelihood! I accidentally got involved in the crypto space, losing a few months' salary as a newbie, but now I earn a five-figure monthly income, relying on the following strategies (suggest liking + bookmarking to avoid losing it later). Here are the practical tips:
1. Only trade Bitcoin and Ethereum, avoid altcoins.
2. Mainly use the significant resistance moving averages above the 4-hour level to determine entry points for short positions in batches. For example, if the MA60 moving average above the 4-hour level continuously suppresses the price, then use this moving average as the entry point for short positions, generally using the support below at the same level or one level lower as the entry points for long positions in batches.
3. Set the stop-loss below the previous low after a downward spike followed by a rebound. For example, if the support level is at 2220 and the spike goes to 2210, then set the stop-loss just below 2210, around 2100.
4. Stop-loss principle: If the total loss reaches twenty percent of the principal, do not open any new positions for the day. Daily operations generally focus on two trades, with a single stop-loss controlled at 10%, and the position size for each trade should remain consistent.
5. Try to enter positions in batches rather than all at once. Follow the trend as much as possible. When the main trend is bearish, try to open short positions; conversely, when the market trend is good, chase trending coins, controlling the profit-loss ratio around 4:1. If the daily stop-loss drawdown reaches 15% to 20% of the principal, do not open new positions for the day, and review the day’s trades.
6. In a crashing market: Wait to enter positions in batches, and if there are no opportunities, remain in cash. In such market conditions, not losing is equivalent to making a profit.
7. Guarantee profits with stop-loss: If there are no stop-loss triggers on the day’s trades and the same level K-line patterns do not show signs of damage, you may not need to set a guaranteed profit stop-loss.
8. Never think about hitting a big win all at once; only trade in the markets that belong to you! Learn to stay in cash, do not force trades, avoid overnight positions, and refrain from trading on weekends when there’s no market activity. After being stopped out, control your mindset; if you can’t enter a trade, take a break.
