Many people lose money trading contracts. How can contracts be traded profitably?
1. Only trade high and low on BTC/ETH.
2. Mainly use the important moving average group above the 4H level to determine when to enter short positions in batches. For example, if the MA60 moving average above the 4H level continues to suppress the price, then use this moving average as the timing to enter short positions and set the stop loss: place it above the previous high after a spike upward, for example, if the resistance is at 2440 and the spike reaches 2450, then set the stop loss above 2450.
3. Generally, use the support below the same level or a higher level as the entry point for long positions in batches, setting the stop loss: place it below the previous low after a spike downward, for example, if the support is at 2320 and the spike reaches 2310, then set the stop loss below 2310, around 2300.
4. Stop loss on capital: 20% of total capital, if reached, no more trades for the day. 4.2. Daily operations generally focus on two trades, with a single stop loss controlled at 10%, and the position size for each trade should remain consistent.
5. Try to enter in batches, don't load all bullets at once!
5.2. Try to follow the trend when opening positions; if the main trend is bearish, try to go short, and vice versa.
1. When the overall market trend is good, chase hot coins.
2. Control the risk-reward ratio, keeping it around 3:1.
3. Daily stop loss drawdown should be 15%-20% of capital; if reached, no more trades for the day.
4. Daily review. 3. Market crash: Stay out of the market and wait to enter in batches; if there are no opportunities, just wait out of the market. In this kind of market, not losing money is equivalent to making money.
【Guaranteed Stop Loss】 When the conditions are met that there are no stop losses for trades opened that day, and the same level K-line pattern has not been broken, you can forego the guaranteed stop loss configuration! If either condition is not met, then a guaranteed stop loss must be used. ETH: Set a guaranteed stop loss after 20 points of floating profit. BTC: Set a guaranteed stop loss after 350 points of floating profit.
【Trailing Stop Profit】 ETH: Set a trailing stop profit after 35 points of floating profit using 3/5 minute levels. BTC: Set a trailing stop profit after 500 points of floating profit using 3/5 minute levels. 5.
1👉. Never think about going all in for a quick fortune,
2👉. Only trade in your own market! Learn to sit out; don’t force trades.
3👉. Do not place overnight trades,
4👉. Try not to trade on weekends.
5👉. After being stopped out, control your mindset; don't panic.
If you are still very confused, comment 688 for guidance!
