$BTC Many people lose money playing contracts; how can Heyue profit? I couldn't sleep at night and made a few short trades. Here are my personal insights, hoping to help fellow coin friends!
1. Only trade Bitcoin and $ETH .
2. Mainly judge the entry for short positions based on the important moving averages above the 4-hour level. For example, if the MA60 moving average on the 4-hour level continuously suppresses the price, then use this moving average as the timing for entering short positions. Generally, use the support below at the same level or one level higher as the entry point for long positions.
3. Place the stop loss at the previous low after a downward spike followed by a rise. For example, if the support level is 2220, and the spike reaches 2210, then place the stop loss below 2210, around 2100.
4. Stop loss capital: if the stop loss reaches 20% of the total capital, do not open new positions for the day. 4.2. Daily operations typically focus on two trades, with a single stop loss controlled at 10%. The position size for each trade should remain consistent.
5. Try to enter positions in batches; do not load all bullets at once! Follow the trend to open positions; when the main trend is bearish, try to open short positions, and vice versa; when the market trend is good, chase the hot coins.
Control the profit and loss ratio, keeping it around 4:1, and ensure that daily stop loss retracement is 15% to 20% of the capital; if reached, do not open new positions for the day, and review daily.
6. In a crashing market: wait for the opportunity to enter in batches; if there is no opportunity, just wait in cash. In this market situation, not losing money is equivalent to making money.
7. Stop loss to protect gains: if the conditions for opening a position on that day do not trigger a stop loss and the K-line pattern of the same level does not show signs of damage, then you can refrain from using a protective stop loss. Never think about going all-in for a quick fortune; only trade in the markets that belong to you! Learn to stay in cash, do not force trades; do not hold overnight positions; try not to open positions on weekends when there is no market; after being stopped out, control your mindset, do not panic!
All operations must have stop losses to prevent being liquidated during spikes!!!
What I have lost is not mine. What I seek is constrained by it.
All things are for my use, not for my possession.
A gentleman uses things, not for things to use him.
The path of the great way is simple; without desire, one is strong; without action, one achieves everything.
The darkness will eventually pass, but survival is the only path to dawn.
You can follow me for the latest strategies on entry points; engage in certain markets, follow the trend, which is always better than opening positions blindly.