At the end of last year, I played with 200,000, and now it has surpassed 20 million, achieving a hundredfold profit easily. The experience summary is below for everyone's reference and learning exchange! #FollowTrading
Making money from trading is actually that simple; you just need these three steps! Master them skillfully, and easily multiply your account by ten! #CryptoTrading
First: Look at the big trend.
Second: Find key points.
Third: Find entry signals.
Process: Enter, profit, close position, leave.
Isn't it very simple?
Let me explain in more detail!
First step: Look at the big trend.
One is the state of the market.
There are only three outcomes in a big market: rising, sideways consolidation, or falling.
What is a big market trend? Look at timeframes above 4 hours, such as 4-hour, daily, weekly charts (my personal habit is to look at daily charts). Remember: buy when the market is rising, sell when it's falling, and observe during sideways movement. ETHUSTD.
Second step: Find key points.
Whether the market is rising or falling, it will jump level by level like a bouncing ball, either from bottom to top or from top to bottom.
What we need to do is enter at the position where it jumps, and exit at the next landing point. Finding the precise steps becomes the key. #币圈投资策略
This is what we call key levels (major support/resistance levels).
(How to accurately find the main support and resistance levels, you can follow me as I will update later)
Third step: Find signals.
Generally, if you find a trend in a larger timeframe, you should look for trading signals in a smaller timeframe to enter.
Everyone has different strengths in trading strategies; mastering one or two is enough. More importantly, quickly formulate a direction and identify a trading strategy.
A complete trading strategy includes.
(1) Asset - What are you trading?
(2) Position - How much are you holding?
(3) Direction - Long or short?
(4) Entry point - At what price level to trade?
(5) Stop loss - When to exit a losing trade?
(6) Take profit - When to exit a profitable trade?
(7) Countermeasure - How to respond to emergencies?
(8) After-hand - Actions after the trade ends!
(9) Copy trading - Leave a comment below ⬆️
