Trading Discipline (Portable Version) Can Save Your Life at Critical Moments!
How to Trade Short-Term
Focus on the top 10 mainstream coins each day, don’t touch any junk small coins. Check the day’s hotspots and news, then look at the daily MACD golden cross, whether the BOLL mouth is about to open, and whether the trend is smooth. Choose the ones with larger volatility to take action.
Allocate positions well, if you have 50,000, split it into 5 parts, each part 20%, enter the market with one part at a time.
Never go all-in, at most use half of your position, always keep the other half for opportunities.
Don’t randomly trade in a day, at most make 3 trades, too many can easily lead to a loss of control.
Never average down, if you enter and lose 30%, it means the entry point is wrong, cut your losses and exit.
Set stop-loss properly; if it drops 30%, exit immediately, don’t think about holding on, those who hold on end up in the same situation.
Don’t fall in love with candlesticks; leave when you should, enter and exit quickly, profit in hand is the real deal.
Only trade trends; going with the trend will yield profits, going against it is a sure path to failure.
Crypto Survival Mantra
If there’s a big drop in the morning, don’t panic and run; often, there will be a rebound in the afternoon.
If there’s a big rise in the afternoon, reduce your positions; it’s likely to retrace at night.
If the volume rises with price, it will continue to rise; if the volume decreases with price, it will continue to fall.
Before major meetings or good news, prices will rise; after the news is out, it usually drops.
If there’s a significant drop during the day in China, you can buy a small amount at the bottom; at 9:30 PM, foreigners often pump the market.
Watch for spikes; the deeper the spike, the stronger the signal, regardless of whether it's a buy or sell.
Those who are heavily invested are usually on the exchange's liquidation list; don’t think you’re an exception.
When you stop-loss on a short position, it will start to drop; when you quickly break even on a long position, it will start to crash; it won’t feel right until it throws you off.
When you take profit, it’s often when the big players start to pump the market; if the car is too heavy, it must throw people off.
When the market gets you excited, that’s when the trap is about to come.
When you’re broke and see the screen filled with rises, making you rush in, that’s the big players fishing for you.
Remember, most of the time the market is manipulated; survival depends on position control and patiently waiting for opportunities. Don’t act much before the big players show their hand.
