I made 800,000 from 2,000 in just 4 months in the contract market. So, there are plenty of opportunities and funds in the contract market; what’s lacking is your stable profit trading system and understanding.
Today, I will briefly teach you about technical strategies. First, what is a technical strategy?
Take notes and stick them in front of your desk to review often.
1. The great principle is simplicity. There are three market trends: upward, downward, and sideways. Before opening a position, you must clearly identify what trend the market belongs to.
2. Trading levels: Many people make money in the market, whether it’s on 1-minute, 5-minute, 15-minute, 1-hour, 4-hour, or daily charts. What level do you want to trade?
3. Trading frequency: How many times do you trade each day? Bitcoin is 24×7; you must set a number of trades.
4. Trading time period: When are you most energetic and clear-headed? In the morning or the afternoon? Rather than mindlessly watching videos or playing games while glancing at the market and opening positions haphazardly.
5. Learn the basics of drawing lines to find appropriate entry points.
6. Set a good stop-loss. If you’re trading on a 4-hour level, don’t take large positions; you can set a wider stop-loss.
7. Cultivate good trading habits. Don’t act recklessly, fantasize, assume, hold positions stubbornly, gamble, or go against the market trend.
8. Review daily and backtrack. Simulate training yourself to find entry points in the already occurred candlesticks, enhancing your mental pathways.
9. Get good sleep, exercise, and take care of your body. If your mind is in a muddle and your heart is in chaos, don’t even talk about trading; you won’t do well in AI either.
Alright, that’s all for now. If you can accomplish these, you will already be able to outperform 99% of the market!