I have been trading cryptocurrencies for over 10 years, and I have summarized the (mindless rolling position method): 300 times in 3 months, earning 30 million (suitable for everyone in the crypto space).
Three steps of rolling positions
1. The first step in rolling positions is to find the right market rhythm. Just like a dancer needs to keep up with the musical beat, investors must deeply study market trends, understand the laws of price fluctuations, and find the most suitable oscillation range or trend for rolling positions.
2. Set stop-loss and take-profit: Rolling positions is like walking a tightrope; risk control is crucial. Setting reasonable stop-loss points can prevent significant losses caused by sudden market changes; setting target take-profit points ensures timely realization of profits, avoiding greed that leads to giving back profits.
3. Mindset adjustment: In rolling positions, mindset determines success or failure. In the face of profit and loss fluctuations, stay calm and do not lose your footing because of temporary gains or losses. Remember, rolling positions is a long-term battle, not a one-time deal. Only by 'broadening your perspective' can you ultimately succeed amidst the ups and downs of the cryptocurrency market.
Adjust positions
1. Timing: Only enter the market when it meets the conditions for rolling positions.
2. Open positions: Follow the signals from technical analysis and find the right timing to enter the market.
3. Increase positions: If the market moves in your direction, gradually increase your position.
4. Reduce positions: Sell gradually when you have achieved the expected profit or when the market seems a bit off.
5. Close positions: Sell everything when you reach your target price or when the market is clearly about to change.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will solve your confusion and help you with your positions, speaking with strength. When you are lost and don't know what to do, follow Xiao O, and I will guide you.
