In the cryptocurrency world, going from 50,000 to 5 million, as long as you remember these few sentences, you are already halfway to success!
1. Short-term trading
1. Focus only on the top ten mainstream currencies every day. Based on current market hotspots, 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:
Divide 50,000 into 20%, which means 5 parts, and build a position with one part each time.
3. Never go all in, at most 50%, always keep 50% as a reserve for opportunities.
4. Do not execute more than 3 trades in a day; you need to be disciplined.
5. Never average down. If you enter a position and it loses 30%, exit promptly. This indicates that the entry point was incorrect.
6. Set a stop-loss at 30%. If it breaks, close the position unconditionally. Do not hold onto losing positions; holding onto them leads to disaster.
7. Never get emotionally attached to candlesticks; enter and exit quickly, remember!!!
8. Go with the trend; trend is king. Only trade mainstream currencies, not shoddy altcoins!
2. Lifesaving mantras in the cryptocurrency world (recommended to memorize)
1. If there is a significant drop in the morning, don’t rush to sell; usually, there will be a rebound in the afternoon!
2. If there is a significant rise in the afternoon, reduce your positions, as there is a high probability of a pullback at night!
3. If there is a rise on low volume, it will continue to rise; if there is a drop on low volume, it will continue to drop.
4. Major meetings or positive news will generally lead to a rise, and once the news is out, it will likely fall.
5. If there is a continuous drop during the day in China, buy the dip; at 21:30, foreign traders will likely pump the market.
6. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signals.
7. When you hold a large position, you will definitely face liquidation. Why? You are on the exchange's focus list for liquidations.
8. After you complete your stop-loss on a short position, it will definitely drop. If it doesn’t trick you out or liquidate you, how could it fall? For example, TRB.
9. When you are about to break even, just a little bit away, and the rebound suddenly stops, how could they let you close and escape?
10. When you take profit, it will pump; if you don’t exit, how could it pump? The position is too heavy.
11. When you are excited, a crash will arrive as expected. Your excitement is also a lure from the whales.
12. When you are broke, every project seems to be rising, making you FOMO and rush to enter. So you understand that the market is manipulated over 80% of the time. Besides managing your positions, you must also act decisively. Be clear that before whale operations, do not enter the market. Once you enter, the exchange is the butcher, and you are the fish. Trading is about patience, discipline, and timing. If anyone has different opinions, feel free to leave comments in the discussion area to explore together. Thank you!
#BTC再创新高 #趋势交易策略 #币安HODLer空投LA #美联储6月会议纪要 #SECETF审批
