As a 10-year Wall Street trader, I share the essence of short-term operations with you!
Step 1: Currency selection: Only do BTC for long-term and only do the top 20 currencies for short-term, only do the four major contracts, 70% of the spot line BTC40%+30 for short-term) funds + 30% contracts (currency-based and u-based)
Step 2: Trend direction
Spot: 15 minutes, 1 hour, 4 hours are all rising, stand above the 5-day line and continue to hold, and leave if it falls below the 5-day line! The 5-day line, 10-day line, 20-day line, and 30-day line must be arranged in order
Contract: The overall weekly Qi looks at the hour, and 5 minutes and 15 minutes are used as entry and exit points. The trend looks at 4 hours, and there is no need to look at it for so long. How the future will be has no direct relationship with the current short-term!
Step 3: Leverage data is preferred. If you are doing spot trading with a bigger pattern, you should do 1x coin-based contracts, and at most 2x coin-based contracts. Do 20x. Try not to do 100x. Although you can have a larger margin for 20x, and a smaller margin for 100x, if you see that your margin is so small and you still have a lot of funds, you will unconsciously increase your position and blow up your position!
Step 4: Position data Spot fixed investment is divided into 10 times. The first position of the contract is 2% + the additional position is 4%
Step 5: Entry point 1. Macd and Kdj golden cross resonance 2. 5-day line Sichuan 10-day Xi'an, the first position of the contract is 2% + additional position 4%
Step 6: Set stop loss and take profit
Stop loss: eth20 US dollars stop loss and take profit: 50% stop profit half, 100% and then stop profit half!