Fatty is the method of large positions. A large position must not use leverage or only use 0.5x leverage, because once a black swan event occurs each year, it determines that large funds and large positions will inevitably return to zero within one or two years.
Small positions can learn from Liangxi. Small positions do not involve much money, learning from Liangxi is acceptable. With not much money, the God of War can also learn from Liangxi. The principal is the most important, unless you have no principal.
In life, do not let external influences affect you. Because life cannot be determined by a single drastic rise or fall to decide win or lose.
Theoretical basis: for small positions, refer to the daily and 4-hour lines to determine the direction, mainly look at the 5-minute line for opening long or short positions. Playing Bitcoin with ten times leverage is like playing altcoins, altcoins are also Bitcoin with leverage.
A famous saying in the circle: bullish in the long term, short term ask God.
In fact, short-term rises and falls also have their basis; if you don’t believe it, just look at the 5-minute line, it’s also one bar connected to another, it also extends continuously like a line. Of course, there are times when it looks like a towering pillar from a short-term perspective, or a waterfall that never looks back.
At this time, if you go against it, won’t you be liquidated?
Then you must strictly set stop losses, as stop loss is part of trading.
Initially, enter a position; if it goes smoothly, continue to add positions, which is also part of trading. Just like leading the charge in battle, see the reality of the situation; if you win and spot the enemy's flaws, then add the second wave of positions and the third wave. If you incur a loss, do not add to the losing trade. You should add to the profitable trades.