1. Only trade the top two.
2. Mainly use the important pressure moving averages above the 4-hour level to judge the timing for entering short positions in batches.
For instance, if the MA60 moving average on the 4-hour chart is continuously suppressing the price, then use this moving average as the timing to enter short positions.
Generally, use support levels below the same level or one level higher as points to enter long positions in batches.
Stop loss: Set it below the last low after a downward spike and then a rebound, for example, if the support level is 2220 and the spike hits 2210, then the stop loss should be placed below 2210, around 2100.
4. Stop loss on capital: If it reaches twenty percent of total capital, then no more trades for the day. 4.2. Daily operations generally focus on two trades, with a single stop loss controlled at 10%.
The size of positions for each trade should remain consistent.
5. Try to enter positions in batches, do not load all at once! 5.2. Try to follow the trend when opening positions; when the main trend is bearish, try to open short positions, and vice versa.
When the overall market trend is good, chase the trending coins.
Control the risk-reward ratio to around 4:1.
Daily stop loss drawdown should be fifteen percent of capital; if reached, no more trades for the day.
Daily review. Three. Market crashing: Wait in cash to enter positions in batches, if there are no opportunities, just wait in cash. In such market conditions, not losing money is equivalent to making money.
4.1. Profit protection stop loss: When the conditions of not hitting the stop loss for the day are met and the same level's candlestick patterns have not shown destruction, you can avoid using a profit protection stop loss.
Never think about going all in for a quick fortune.
Only trade in markets that belong to you! Learn to stay in cash, do not force trades.
Do not hold overnight positions.
Try not to open positions when there is no market activity on weekends.
After being stopped out, maintain a good mindset, do not chase back in.
You must control your position size well, do not go all in or use heavy positions; set profit and stop loss levels.
