1. Short-term
1. Focus only on the top 5 mainstream cryptocurrencies each day. Based on current market hotspots, news, daily MACD golden cross, and BOLL convergence, combined with market trends, consider comprehensively and choose volatile varieties for trading.
2. Control your position well:
50,000 divided into 20% means 5 parts; take one part to build a position each time.
3. Never go all in; at most 50%, always leave 50% as a buffer for opportunities.
4. Do not execute more than 3 trades in a day; you need to keep it manageable.
5. Never average down; if you enter a position with a 30% loss, exit in time. This indicates that the entry point was wrong.
6. Set a stop loss of 30%; if it breaks, liquidate unconditionally. Do not hold positions; holding leads to death.
7. Never fall in love with candlesticks; in and out quickly, remember!!!
8. Go with the trend, trend is king; only trade mainstream assets, do not trade niche varieties!
2. Cryptocurrency lifesaving mantra (recommended to memorize)
1. Don't rush to escape when there is a big drop in the morning; generally, there will be a rebound in the afternoon!
2. If there is a big rise in the afternoon, reduce your position; the probability of a pullback at night is high!
3. A decrease in volume with an uptrend will continue to rise; a decrease in volume with a downtrend will continue to fall.
4. There will be a rise before major meetings or good news, and it will drop once implemented.
5. When there is a sustained big drop in the domestic market during the day, it's time to bottom fish; at 21:30, foreigners will pump the market.
6. The key signal for buying and selling is the spike; the deeper the spike, the stronger the buy and sell signals.
7. When you hold a heavy position, you will definitely face a liquidation. Why? You are on the liquidation watch list of the exchange.
8. After your short position hits the stop loss, it will definitely drop. If it doesn't trick you into exiting or go up explosively, how could it drop? For example, TRB.
9. When you are about to get out of the loss, just a little more, the rebound suddenly stops. How can it let you close your position and run away?
10. When you take profits, you are making a profit. If you don't exit, how can you pump? The vehicle is too heavy.
11. When you are excited, a sudden drop will come as expected. Your excitement is also the bait set by the big players.
12. When you are broke, every project will rise, making you FOMO and rush to enter. So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must react quickly. Clearly, do not enter the market firmly before the big players act; once you enter, you are at the mercy of the exchange, and you become the fish on the chopping board.
Trading is about patience, mindset, determination, and timing. If you have different views, feel free to discuss!#加密市场回调 #山寨季何时到来？
Follow me, Brother Xing's knife is faster than the big players. I will teach you how to counter the market!
