I will summarize the various strategies in the live room, for you to choose freely.
1. Stop-loss strategy
Wait for the right timing and entry points later, enter with a margin ratio of 0.5-1.
Find resistance or support levels and set stop-losses accordingly. This stop-loss point also has its significance; it’s not about setting it based on your mood; otherwise, you are just giving money to others. Losses occur for two reasons: the entry point is not good enough / the direction is directly opposite.
This method: will not be trapped, but it does not rely on stop-loss to gain courage and frequently cut losses. This relies on logic for opening positions, with stop-loss as our risk control.
So what to rely on for opening positions: cyclicality, weekly/daily/hourly charts. Be clear in your mind about the trend we want to profit from. Don't chase positions or buy high and sell low; losing 80% should be cut.
If you miss out, you can wait for a breakout/ pullback/ trend acceleration. Wait until the ideal entry point is reached.
At worst, it will take away your losses, false breakouts will cut you off, when the real breakout comes, don’t be afraid, continue to execute.
2. Averaging down strategy
There are two types: normal / candied hawthorn-style averaging.
I suggest you just do the first type; the second type requires some time to adapt to complete this system. Random operations before learning will lead to liquidation.
Normal averaging: you have a good grasp of its one-sided trend, but the entry point is not ideal / you don't like to cut losses.
Then you can only average down; the premise for averaging down is related to your liquidation. Liquidation is not related to your leverage, but is linked to your margin rate. The initial position I have mentioned multiple times refers to a margin ratio of about 0.5%.
If averaging down, the initial position should not exceed 1%.
Averaging down opportunities are before you exit profitably, at most twice, this is your biggest limit. Therefore, averaging entry points must be good. Specifically, you can find resistance/support levels, but this is suitable for normal times. In front of news, there isn't much pressure or resistance, so averaging entry points must have a range of 1500-3000 points, leaving yourself a good span. If your positions are not small and you frequently average down, you might as well wait to die or increase your margin. Blindly averaging down without knowing when to exit, and then averaging down until bursting, this kind of operation is very confusing; such situations can occur.
However, I do not recommend this kind of strategy; this belongs to the old-timer strategy. Doing it for a long time will lead to dependency on it, which will affect maximizing benefits over time.
The last one is all-in: this is quite good! Anyway, if you don't die today, you won't die tomorrow, but you will definitely die the day after. If you get liquidated, you don’t have to hold positions or stop-loss; it's quite liberating.
In the future, whether in the square or the live room, all the trades I publicly call will have stop-losses, unless it's a market like 815.
So you can play however you want, if you want me to help you break even, I won't assist anymore.
If you have been trapped by others and come to me, I won't help you break even.
Everyone's time is precious; we are all the same. I have a lot of workload every day, very intense. If you ask questions normally, I will definitely help you. You need to explore a trading method that suits you; just because others say something doesn't mean it's true. Trading must be done with your own mind; otherwise, don’t play.
I am already in a one-sided trend position, don't ask me where to enter on the other side, or if I can still get on board. I will not guide you to chase positions; missing out is just missing out.
Also, if I call out trades that are floating losses of several hundred points and you start to panic, don’t play with contracts, you won’t make anything. If you can’t hold onto profitable trades and expect immediate profits upon entering, it’s not that easy.
Also, I only trade BTC, don't ask me how I view ETH, I don't look.
With a clear mind, there will come a day when you recoup losses and realize profits. If you are confused, no amount of gold and silver will be enough to cover your losses.