There is a very silly method for trading cryptocurrencies that almost guarantees 100% profit.
Only trade high sell and low buy for BTC/ETH, and do not trade any altcoins!
Using 10x leverage, with 2-3 layers of positions is best. If it exceeds 30%, it already starts to carry risks. Anything larger cannot withstand an arbitrary crash, leaving too little room for error. This is a summary of many years of experience, so please take it seriously.
If you increase leverage, you can simultaneously reduce position size; if you reduce position size, you can simultaneously increase leverage. This way, you can ensure that you are not far off from the expert strategies.
For one cryptocurrency, the total of three positions must not exceed 30%; you can hold a maximum of 3-5 cryptocurrencies, with a total not exceeding 30% of your entire position (normal position).
For one cryptocurrency, the total of three positions must not exceed 20%; you can hold a maximum of 3-5 cryptocurrencies, with a total not exceeding 20% of your entire position (conservative position).
When you buy one, you first need to have a concept of how much you are prepared to buy in USD. For example, if I want to buy BTC, I plan to buy 1000 USD; for ETH, I plan to buy 2000 USD; for ORDI, I plan to buy 500 USD.
Secondly, you need to have a rule for the buying process, typically using a three-position strategy like 4.3.3 or 3.4.3.
If the price starts to rise during your buying process, do not add to your position.
If all three positions are in, and the price drops, do not add to the position.
1. Set a stop loss. This is essential, not optional.
2. If you have averaged down but the price is still falling, it means you may have made an incorrect judgment, so consider reducing your position. Wait for it to turn around before adding more.
3. Averaging down should not be done as the price keeps falling; this can lead to an increasingly heavy position. Instead, wait for it to turn around before averaging down.
Try to avoid night trading, and if you must, make sure to hedge!
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