Learn these 3 tips, even beginners can avoid pitfalls 💥

Dear friends, after ten years of navigating the cryptocurrency world, I've seen too many newcomers lose their capital because they lack skills. Today, Garry shares 3 core trading techniques that can help you avoid at least 80% of the pitfalls!

Tip 1: "Trend + Key Levels" Dual Verification for Opening Positions

Stop opening positions based on gut feelings! Reliable opening positions must meet two conditions:

First, look at the larger time frame trend (such as 4 hours, daily) to determine whether it is an uptrend, downtrend, or consolidation;

Then find key support/resistance levels in the smaller time frame (1 hour), such as previous highs/lows and areas of high trading volume.

For example, BTC has been consolidating around 110,000 recently, with a 4-hour trend indicating consolidation. When the 1-hour drops to 109,000 (support level) and shows signs of stabilization, that is a safe point for opening a long position.

Tip 2: "Take Partial Profits + Trailing Stop Loss" to Lock in Profits

Many people make profits and then lose them because they don’t know how to lock in profits! Here’s my commonly used method:

Hold onto your base position, first close a part of your position (for example, 30%) to lower your cost basis;

Set a trailing stop loss for the remaining position, such as moving it up 200 points from the opening price. If the price rises, the stop loss moves up with it; if it drops and triggers the stop loss, you can still keep most of your profits.

I did this when ETH rose from 4700 to 4900, first closing 25%, then setting the trailing stop loss at 4800 for the remainder, ultimately capturing most of the gains.

Tip 3: "Small Position for Trial and Large Position for Trend Following" to Control Risks

Never go all in! Proper position management is:

First, use a small position (such as 10%) for trial and verify the direction is correct, then gradually increase the position (adding 10%-15% each time);

If the direction is wrong, stop loss on the small position, keeping the losses within an acceptable range.

For instance, with SOL's recent market, I first used a 5% position to test the long, and after it went up, I added to 20% in two increments, securing a solid profit.

These techniques may seem simple, but not many can execute them effectively. Want to follow me step by step to practice these techniques? Follow me, and I will break down more real-world cases, guiding you from "chaotic trading" to "steady profits" ~#ETH