1、Short-term
1、Focus only on the top ten mainstream coins every day, based on current market hotspots, news, daily MACD golden cross, BOLL contraction and expansion, combined with market trends, comprehensively consider and choose highly volatile varieties for trading.
2、Control your position well:
50000 divided into 20% means 5 parts; take one part each time to build a position.
3、Never go all in, at most 50%, always keep 50% as a reserve for opportunities.
4、Do not make more than 3 trades in a day; you need to have control.
5、Never average down; if you are down 30% upon entry, withdraw immediately. This indicates the entry timing is wrong.
6、Set a stop-loss at 30%; if it breaks, close the position unconditionally. Don't hold the position; holding will lead 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, not small, copycat varieties!
2、Crypto Circle Life-Saving Mantra (recommended to memorize)
1、Don't rush to exit 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 is high in the evening!
3、A decrease in volume during a rise will still rise, and a decrease in volume during a drop will still drop.
4、Significant meetings or good news will generally rise, but will fall once realized.
5、In the domestic market, when there is a continuous drop during the day, it's time to bottom fish, and at 21:30, foreigners will pump the market.
6、The key signal factor when buying and selling is the pin bar; the deeper it goes, the stronger the buy and sell signals.
7、When you hold a large position, you will definitely face liquidation, why? You are on the exchange's key liquidation list.
8、After your short position's stop-loss is triggered, it will definitely drop. If it doesn't trick you into exiting or pump you out, how could it drop? For example, TRB.
9、When you are about to break even, just a little bit away, and the rebound suddenly stops, how can you let yourself close the position and run away?
10、When you take profit, it's like a big win, how can you support the market without exiting? The position is too heavy.
11、When you are excited, the waterfall comes as expected; your excitement is also a trap set by the big players.
12、When you are broke, every project seems to be rising, making you FOMO, hurry to enter. So you understand, the market is manipulated with over 80% probability; besides controlling your position, you must also be proactive, clearly avoiding entering the market before the big players operate. Once you enter, you become the prey on the exchange's chopping block.
I am Xiao O, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help solve your confusion and stuck positions, speaking with strength. When you are lost and don’t know what to do, follow Xiao O, who will guide you.
