Let's speak some hard truths today!
After losing over 200,000, I finally realized these 9 life-saving rules. I've been eating meat continuously for 3 months; you all better smoke and inhale:
Stop believing in high throws and low catches!
The market specializes in various counter-indicators! The real way to survive: go with the trend + wait for key points to strike.
Shorting: Wait for the 4-hour chart MA60 to press down on the price, then combine it with pin bar signals to enter the market.
Going long: Only act when the daily support level holds and there is a volume surge.
90% of losing traders are buying the bottom halfway up the mountain and touching the top at the ceiling!
Don't set your stop loss at 20%!
Newbies always think, "Just hold on and it will come back," but end up holding until it's zero!
The correct stop loss level = the lowest point of the pin bar adjusted slightly lower (this trick has helped me avoid liquidation 3 times!)
A 3:1 win-loss ratio is a brainwashing tactic for the naïve!
If you run after a profit of 50 points and play dead on a loss of 50 points, you'll be finished sooner or later!
True experts only play with big guns:
ETH: Stop loss at 20 points, profit target at least 60 points.
BTC: Stop loss at 800 points, profit target starting at 1200 points.
After reaching the target, don’t rush to run; move the stop loss to the breakeven point and let the profits run wild!
Night trades and weekends are liquidation accelerators!
Why do you always get liquidated at midnight?
Because the liquidity is poor + the big players specifically harvest the night owls! Don't touch the market after midnight, and turn off the machine on weekends for safety!
The big players are most afraid of this trick: the moving stop-loss method (a life-saving skill!)
How to lock in profits once you make money?
90% of people do it the wrong way!
After floating profits of 20 points (ETH) / 800 points (BTC), immediately pull the stop loss to the cost price (from then on, this trade is risk-free!)
As long as the trend hasn’t broken + no reversal signals appear, hold on tight.
Once a big bearish candle engulfs a bullish candle / long upper shadow appears, immediately get out!
Never go all in!
Even if you are 100% sure, never open a position exceeding 10% of your capital in one go, or one mistake can wipe you out!
At most, make 2 trades a day!
If you can't control your hands, lock the computer. The more trades you make, the faster you die; if you miss out, wait until tomorrow!
Lost two trades in a row? Don't trade today!
The market is telling you: today’s vibes are off, quickly turn off the machine and sleep!
Trading is not a casino, but 99% of people treat it like one!
Those who survive rely on strict rules + patience, not on being a gambling god.
