1. Short-term trading
1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hotspots, news, daily MACD golden cross, BOLL contraction and expansion, and combined market trends, consider comprehensively and select highly volatile assets for trading.
2. Control your position well:
5,000 divided into 20% means 5 parts; take one part each time to build your position.
3. Never go all in; at most 50%, always keep 50% in reserve for opportunities.
4. Do not make more than three trades in a day; you must keep your hands under control.
5. Never average down. If you enter and lose 30%, withdraw promptly; this indicates that your entry timing was wrong.
6. Set a stop loss at 30%; if broken, close your position unconditionally. Do not hold onto a losing position; holding will lead to death.
7. Never fall in love with candlesticks; enter and exit quickly, remember!!!
8. Go with the trend; the trend is king. Only trade mainstream assets, not small-cap copies!
2. Key phrases for survival in the crypto market (recommended to memorize)
1. Don't rush to exit during a morning drop; generally, there will be a rebound in the afternoon!
2. In the afternoon, when the market rises sharply, reduce your position; there is a high probability of a pullback in the evening!
3. If the volume decreases and prices rise, it will continue to rise; if the volume decreases and prices fall, it will continue to fall.
4. Major meetings or positive news will cause prices to rise, but they will fall once the news settles.
5. In the daytime, when the market in China is continuously dropping, look for bottom-buying opportunities; at 21:30, foreigners will push the market up.
6. The key signal when buying and selling is the spike; the deeper the spike, the stronger the buy and sell signals.
7. When you are heavily invested, you will definitely face liquidation. Why? You are on the exchange's key liquidation watchlist.
8. After your short position's stop loss is triggered, it will definitely drop. If they don't trick you into exiting or blow you up, how can it drop? For example, TRB.
9. When you are about to break even, just a bit more, the rebound suddenly stops. How can they let you close your position and run away?
10. When you take profit, it becomes a big deal; if you don't exit, how can the market rise? The burden is too heavy.
11. When you are excited, a waterfall drop will come as expected; your excitement is also a trap set by the market makers.
12. When you are broke, every project seems to be rising, making you FOMO and rush in. So you understand, the market is manipulated over 80% of the time. You must control your position and be proactive. Be clear that you must not enter the market before the market makers' actions. Once you enter, you are at the mercy of the exchange, and you become the fish on the chopping board. Trading is a battle of patience, composure, and timing.