Techniques to Maintain a High Win Rate in Contracts
1. Only trade BTC/ETH
2. Primarily use the important moving average group above the 4H level to determine the entry points for short positions in batches.
For example, if the MA60 moving average above the 4H level continuously suppresses the price, then use this moving average as the timing to enter short positions.
Generally, use the support below the same level or a higher level as the entry point for long positions in batches.
Stop Loss: Set it below the previous low after a downward spike followed by a rise. For instance, if the support level is at 2320 and the spike goes down to 2310, then set the stop loss below 2310, around 2300.
4. Stop Loss Capital: 20% of total capital. If reached, no further trades will be made that day. 4.2. Daily operations generally focus on two trades, with a single stop loss controlled at 10%.
The size of the position for each trade should remain consistent.
5. Try to enter in batches, avoiding full positions in one go! Follow the trend for trading; when the main trend is bearish, try to open short positions, and vice versa.
About Market and Position Management
1. When the overall market trend is good, chase hot coins.
2. Control the profit and loss ratio, keeping it around 3:1.
3. Daily stop loss drawdown should be 15%-20% of capital; if reached, no further trades will be made that day.
4. Daily review; in a market crash: wait in cash to enter in batches when opportunities arise. If there are no opportunities, just wait in cash. In such a market, not losing money is equivalent to making money.
5. Protect profits with stop loss: When the conditions for opening a position that day have not triggered a stop loss and no pattern destruction occurs in the same level's candlestick formation, you may not need to carry a profit protection stop loss.
About Mindset
1. Never think about going all in for a sudden wealth.
2. Only trade in your own market! Learn to stay in cash, don’t force trades.
3. Avoid night trades.
4. Try not to trade on weekends.
5. After being stopped out, control your mindset, don’t get emotional.
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