How to do well in short-term trading

1: Select about 3 cryptocurrencies to hold, which must be from recently popular sectors and themes, and there must be at least one significant rise in the last 10 days.

2: The position size for a single cryptocurrency should not exceed 50%. There are two ways to increase the position: if very certain, build the position at once; if somewhat certain, build the position in two batches. Do not fear missing out or pullbacks. Be aggressive when entering and protective when exiting, managing your position with a mindset rather than emotions.

3: Take profit is generally done through trailing stop-loss. Reduce 20% of the position at 10 points, reduce 30% at 15 points, and then reduce 20% for every subsequent 5 points, and so on. Do not be greedy or timid; do not seek to make the most, but rather aim to preserve more profits.

4: If trading high-volatility coins, it is essential to focus on intraday lines and volume. After a massive price increase, if there is high trading volume and turnover rate, ensure proper stop-loss, enter directly, control risks, and seize maximum opportunities. #BTC