After making your own trading plan, you need to manage your position according to the market. How to make a profit, how to stop profit, how to increase the position with floating profit. It is like you have a good knife and you want to kill some prey. Some prey are suitable for direct killing, while some prey need to be caught with a long line.
Definition of volatile market: Fluctuation of 20%-50% within a week
Trend: Continued rise without callback and more than doubled
How to define these two types? It depends on whether there is a large volume + a big positive in the market (such as the halving of BTC and the Fed's interest rate cut). Funds will only come if there is a big positive.
Here are two data to illustrate how easy it is to make money with a reasonable trading plan in the cryptocurrency circle.
Fluctuating market: To achieve 100% profit in a month, you only need to make 10% profit every time for 7 times. 1*1.1*1.1*1.1*1.1*1.1*1.1*1.1=1.94
Divide it into weeks and you only need to operate at least twice a week (it may retrace sometimes, but if you hold it for a long time on the weekly chart, it will rise back to the cost price after you have the skills to select coins)
Trend market: It is the so-called bull market. Use all the profits to increase the position. Even a fool can do it without thinking.
This is just spot trading. If you understand spot trading, then the power of contracts is beyond words. My apprentice, who started trading in 2000, was able to triple his funds by trading contracts with a 15% increase, and there was no retracement, so it is crucial to develop a good trading plan. #BTC☀ #ETH🔥🔥🔥🔥 #交易理论 #赚钱