1. Short term
1. Focus only on the top 5 mainstream cryptocurrencies daily, based on current market hotspots, news, daily MACD golden cross, BOLL opening and closing, combined with market trends, comprehensively consider, and select highly volatile varieties for trading.
2. Control your position well:
5,000 divided into 20% means 5 parts; build your position with one part each time.
3. Never go all in; at most 50%. Always leave 50% as a reserve for opportunities.
4. Don't make more than 3 trades in a day; you need to keep it under control.
5. Never average down; if you're down 30% upon entry, withdraw promptly. This indicates that the entry timing was wrong.
6. Set a stop loss at 30%, and when it breaks, close your position unconditionally. Don't hold on; holding on will lead to death.
7. Never fall in love with candlesticks; enter and exit quickly, remember!!!
8. Go with the trend; the trend is king. Only trade mainstream assets, not small, counterfeit varieties!
2. Cryptocurrency lifesaving mantra (recommended to memorize)
1. Don't rush to flee when there's a big drop in the morning; usually, there will be a rebound in the afternoon!
2. If there's a big rise in the afternoon, reduce your position; there's a high probability of a pullback at night!
3. If there's a decrease in volume while rising, it will continue to rise; if there's a decrease in volume while falling, it will continue to fall.
4. Major meetings or positive news will always rise beforehand, but will fall once realized.
5. If there is a continuous significant drop during the day domestically, buy the dip; at 21:30, foreign traders will pull the market.
6. The key signal for buying and selling is the pin, the deeper the pin, the stronger the buy and sell signals.
7. When you hold a large position, you will definitely face liquidation. Why? You will be on the exchange's key focus liquidation list.
8. After your short position's stop loss is completed, it will definitely fall. If it doesn't trick you into exiting or get liquidated, how can it fall? For example, TRB.
9. When you're about to break even, just a little more, and the rebound suddenly stops, how can it let you close and flee?
10. When you take profit, you're already pulling up; if you don't exit, how can you pull the market? The vehicle is too heavy.
11. When you're excited, the waterfall arrives as expected; your excitement is also a lure from the big players.
12. When you're broke, every project seems to rise, making you FOMO and rush in. So you understand, the market is manipulated over 80% of the time; besides controlling your position, you must also act decisively, clearly refusing to enter the market before the big players operate. Once you enter, you become the fish on the exchange's chopping board. Trading is a test of patience, determination, and timing. If there are other opinions, everyone is welcome to discuss. Thank you!!
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 help you solve confusion and position lock, speak with strength, and when you lose direction and don't know what to do, follow Xiao O, and I will guide you.
