1. Short-term trading golden rules
1. Currency selection: Focus on the top ten mainstream currencies every day, combining hotspots, news, MACD golden crosses, BOLL patterns, etc., to choose volatile varieties for trading.
2. Position control: Divide 50,000 funds into 20% for 5 portions, use 1 portion for each entry, with a maximum of 50% position, leaving 50% as backup.
3. Decisive stop-loss: If the entry loses 30%, withdraw immediately, set the stop-loss at 30%, and exit unconditionally if the position breaks, never hold onto losing trades.
4. Frequency limit: Do not exceed 3 trades per day, don’t be greedy, manage your hands well.
5. Trend is king: Only trade mainstream currencies, do not touch altcoins, follow the trend is the way to go, in and out quickly, don’t linger in battles.
2. Cryptocurrency survival mantra
1. Rise and fall rules: Don't panic with a big drop in the morning, often there is a rebound in the afternoon; when there is a big rise in the afternoon, reduce positions quickly, and it is easy to retrace at night. Rising with low volume will continue to rise, while falling with low volume will continue to fall.
2. News impact: Major meetings are likely to rise beforehand, but will drop after implementation; significant drops during the day in the domestic market can offer buying opportunities, and at 21:30, foreigners often push prices up.
3. Buy and sell signals: The spike is key; the deeper the spike, the stronger the buy/sell signal.
4. Dealer tricks: Heavy positions are prone to liquidation, as they are on the liquidation list; after stop-loss on short positions, prices often drop, tricking you to exit; when close to breaking even, rebounds stop, not allowing you to close positions; during profit-taking, prices are pushed up, making it hard for you to exit; during excitement, there can be a rapid drop, dealers lure you to enter; when you have no money, the project rises, making you FOMO into the market; be aware that market manipulation is likely, control your position, be proactive, and test your patience and timing!