1. Only trade the top two.
2. Mainly use the important moving average group above the 4-hour level to determine the entry for short positions in batches.
For example, if the MA60 moving average above the 4-hour level continuously suppresses the price, then use this moving average as the timing to enter short positions.
Generally, use the support below the same level or one level higher as the entry point for long positions in batches.
Stop loss: Just place it below the previous low after a downward spike followed by a rise. For example, if the support level is 2220 and the spike goes to 2210, then set the stop loss below 2210, around 2100.
4. Stop loss principal: If it reaches 20% of the total principal, no further trades will be made for the day. 4.2. Daily operations generally focus on two trades, with a single stop loss controlled at 10%.
The size of a single position should remain consistent.
5. Try to enter in batches rather than investing all at once! 5.2. Follow the trend when opening positions; when the main trend is bearish, try to open short positions, and vice versa.
When the market trend is good, chase hot coins.
Control the profit-loss ratio, keeping it around 4:1.
The daily stop loss drawdown is 15% to the principal; if it reaches this, no further trades will be made for the day.
Daily review. 3. Market crash: Wait in cash to enter in batches when there is an opportunity. If there's no opportunity, just stay in cash. In this type of market, not losing money equals making money.
4.1. Protective stop loss: When the day's orders have not triggered a stop loss and no pattern destruction has occurred in the same level K-line shape, you can forgo the protective 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.
Avoid opening positions when there is no market activity over the weekend.
After being stopped out, maintain a good mindset, do not chase after it.
Always manage your position size well; do not go all in or heavily invest. Set appropriate take profit and stop loss levels.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion and deal with trapped positions, speaking with strength. When you are lost and don't know what to do, follow Xiao O for guidance.
