The 'Trading' Iron Rules: Written for all of you who watch the market until 2 AM every day — Ten rules that only seasoned traders are willing to take to heart, and today I will write the final version.
Memorize them, print them out and stick them by your screen, don’t let FOMO trade for you.
1. When a strong coin has nine consecutive bearish candles at a high position, don’t ask why, first build your initial position. Don’t wait for a 'V' shape, chase after the 'U' bottom has finished forming; the meat has already been taken by the dogs.
2. When a coin has two consecutive large bullish candles, don’t fantasize that the third one will be a rocket; reduce your position first. Profit only counts when it is realized; everything else is just numbers.
3. If the daily increase is >7%, don’t rush to sell when it opens high the next day; give the main force 30 minutes of performance time, and if it fails to rally, then sell.
4. The main upward wave of a bull coin is always reserved for those who have been waiting the longest. No pullback? Then continue to wait; better to miss out than to chase high.
5. If the market has been flat for three days without rising or falling, watch it for another three days. If it is still flat on the sixth day, switch positions directly; time is leverage.
6. If the closing price on the next day is lower than the previous day's cost price, cut it immediately. Stop-loss is a seatbelt, not an accessory.
7. Market initiation mantra: If there are three, there are five; if there are five, push for seven. A decrease in volume on the second day is a buying point, reduce your position on the fifth bullish candle, and clear out on the seventh. Memorize this; it’s more useful than K-line analysis.
8. Trading volume is the soul of the crypto world: Breakout with volume at a low position, jump in with your eyes closed; high volume stagnation at a high position, run away. Don’t wait until your soul leaves your body to think about escaping.
9. Only trade coins that are in a bullish moving average alignment. A 3-day moving average pointing up = short-term explosion, a 30-day moving average pointing up = mid-term main rise, an 80-day moving average pointing up = main upward wave, a 120-day moving average pointing up = a winning trend. Trading against the moving average is like trying to catch a flying knife with bare hands.
10. Small capital is not an excuse; it’s an advantage. A small ship turns easily, and if you miss, retreat quickly. Strictly follow the above 9 rules, treat every pullback as a deep squat for your next jump.
The last sentence, dedicated to those of you still watching the market tonight: The crypto world always rewards discipline and never shows mercy to tears.
Pin this tweet to the top, and take another look before the market opens tomorrow. @小花生说币