How to Avoid Missing Out

While Eating Meat Without Being Caught

Today, I will share a position management strategy that I have been using for a long time, and it is very effective. The specific operation is as follows:

First, when you open a position, you must choose to go long at support levels or short at resistance levels; do not trade at other positions, as these positions have a success rate of up to 80%. Taking BTC as an example, if you plan to use 5% of your total position for trading, for instance, if you plan to short, you should choose to open a short position near the resistance level of 95,500. If it does not break through successfully, then you can directly profit. If BTC breaks through the resistance at 95,500, then you should choose to add to your short position at the next resistance level of 96,200. This way, your average price will be 95,850. Once BTC reaches the resistance at 96,200, it will definitely pull back. As long as the pullback falls below 95,850, you can take half of your profit. Your position is still 5%, but your average price has reached 95,850. In this way, if the resistance at 96,200 fails, you can profit $3,000. If it continues to break upward, you can repeat this process, ensuring that you won't get caught, can take profits, and won't miss out.

Warm Reminder: You must add to your position near the resistance level because the pullback is most likely to happen near resistance. Of course, you must also set a stop-loss, as sometimes it can jump several thousand dollars in one go. This is considered an extreme case and has a probability of less than 10%.