What are the secrets to making quick profits in the current market?
The market has already skyrocketed, and those who didn't acquire positions from the bottom can only engage in short-term trading. Here I will share how to excel in short-term trading.
The secret to good short-term trading is: fast, accurate, and ruthless.
It may seem simple, but in reality, it involves many factors.
First, technical analysis must be solid. Whether you use MACD, Bollinger Bands, or pure candlestick analysis, you must base your analysis on objectivity and avoid blind subjective guessing or wishful thinking.
Second, risk control! You must manage your position well. In a full position, leverage should be at most 2 times. In the contract market, it's not about how much you can earn in one wave or several waves, but rather who can survive over the long term; consistent, steady gains are key.
Third, mindset! Many people open positions, and if they incur a loss or hit a stop loss, their mindset becomes chaotic. They constantly think about going all-in to recover their losses, hoping for luck! When you have this kind of thought, you're basically not far from leaving this circle behind; you must never act like a gambler.
Implementing the above three points in practice is not an easy task. If you struggle with it, you can DM me. I'll share how a fan of mine traded UNI yesterday, going long around 8.9 and taking profits at 9.9, capturing nearly a 10% increase. Although this market doesn't offer much, if you want quick results, short-term trading is the best choice for those who have missed out.
