Many people lose money while trading contracts. How can one be profitable? Different market conditions require different strategies.
1. Focus on high sell-low buy for BTC/ETH and avoid participating in altcoins.
2. Entry Point: Mainly judge the entry timing for short positions based on the key resistance level moving average on the 4-hour chart. For example, when the 4H MA60 moving average continues to suppress the price, consider entering short positions in batches near this moving average.
Stop Loss: Set the stop loss above the previous high after a spike upward. For instance, if the resistance level is 2440 and the price spikes to 2450, set the stop loss above 2450.
3. Entry Point: Generally choose the entry point for long positions based on the same or higher level support.
Stop Loss: Set the stop loss below or near 2300 after a spike down. For example, if the support level is 2320 and it spikes to 2310, set the stop loss below 2310.
4. Stop Loss Principal: The total principal for daily trading has a stop loss set at 20%. If the stop loss limit is reached, stop trading for the day.

5. Position Control: Maintain consistent position size for each trade and keep the stop loss for each trade around 10%. Try to use a staggered entry strategy to avoid opening a full position at once. Always follow the market trend, prioritizing short positions when the current trend is bearish and vice versa.
6. When the market trend is good, chase hot coins: Choose the top three coins by price increase or those with high popularity for trading.
7. Profit and Loss Ratio Control: Aim to maintain a profit and loss ratio around 3:1.
8. Daily Stop Loss Control: The maximum drawdown for a single day should not exceed 10%-15% of the principal. Once this limit is reached, do not open any more positions for the day.
9. Review: Conduct a review at the end of each day to analyze market trends and your own operations, identifying strengths and weaknesses.
10. Market Crash: In this market environment, maintain a flat position and wait for opportunities. If there is no suitable entry point, remain flat, achieving 'not losing is making a profit.'
11. Protecting Profits Stop Loss: If the day's trading does not hit the stop loss and the candlestick pattern remains intact, you can avoid using a protecting profits stop loss. If there is a pattern break or other unfavorable factors, set a protecting profits stop loss promptly.
Take Profit Settings: Use a protecting profits stop loss after ETH gains 20 points; for BTC, use it after a gain of 350 points.
Trailing Take Profit: After ETH gains 35 points, you can use 3/5 minute charts to adjust the take profit. The same applies for BTC after a gain of 500 points.
12. Mindset Management: Aim for steady compound growth, and do not pursue one-time massive profits. Excessive aggressiveness can lead to liquidation.
15. Only trade in markets suitable for you, learn to stay flat, and avoid forcing trades.
16. Try to avoid night trading; if necessary, consider hedging.
17. Avoid opening positions on weekends; if you must open a position, only allow one stop loss at most.
18. Stay calm after being stopped out, adjust your mindset, and avoid rushing to counterattack.

Success is not accidental; opportunities are for those who are prepared. Follow me, a captain skilled in medium and short-term combined wave arbitrage. No matter how the market moves in the future, I will accompany you on your journey in trading.

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Wuchang Band

Wuchang Band
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