How to make money in the cryptocurrency world?
Trading contracts for BTC contracts
Each position is fixed at around 10 BTC
Sometimes I increase my position if I have floating profits
Stop loss is set at 6% of the total position
I trade on a 4-hour chart and can rarely open a few trades in a week
More often, I'm waiting for a good position
What is a good position?
For example, during a 4-hour downtrend, if there are 3 bearish trend candles with increasing volume
And a rebound with a few weak bullish candles combined with decreasing long volume
This is a good position where I will set a stop loss and go short in the direction of the trend
It's not a hundred percent, but there's a high probability it will fall
Take profit at the last 4-hour support level
There are many other similar good positions that fit my trading system
I can't mention them all here
It would take too many words
And you might not understand them anyway
What I mentioned above is just an analogy
Don't misuse it, misusing it can lead to liquidation
Anyway, most of the time I'm waiting for positions
Waiting for those good positions that fit my system
I won't elaborate much on that
In summary, I only take trades that fit the system
If it doesn't fit, even if you point a gun at me, I won't trade
Many times when trading BTC in the crypto world, I'm just waiting
After all, opportunities on the 4-hour chart are not abundant
I'm willing to wait; I've moved past the phase of going all in
Mainly because I've been consistently profitable for a long time
My position is also quite large now
Just playing around with 10 BTC is enough
There's no need to trade BTC short-term anymore
Mainly because the crypto world has a lot of spikes, and short-term trading can explode if you slightly lose focus
Who dares to say that BTC during the US market isn't explosive?
After the US stock market opens, BTC goes up and down wildly
Actually, I can also trade BTC on a 5-minute chart
My 5-minute system captures short trades with a decent risk-to-reward ratio
Quick entries and exits
But there's no need to do that
Anyway, I can do short-term, swing, and long-term trading
I also trade altcoins, but always with large positions in spot trading; if it rises by 10%, I sell half and push the rest to break even, not holding long
Looking at the cryptocurrency market, last month's profit should be around 150,000 USD
Still the same statement, if you don't know how to trade in a bull market, click on my avatar, follow me for spot trading strategies in a bull market, contract passwords, and free sharing.
I need fans, and you need references. Guessing blindly is not as good as following.
