The third installment of practical tips, strategies that can make you a fortune
Too much to chew, so today I will explain in detail the two strategies mentioned a couple of days ago and how to use them.
Everyone should have seen the message sent at noon; making a profit is definitely not an issue.
Also, hedging is not simply about opening a position in the opposite direction; you need to consider whether you need it and whether you can open it.
For example, if your 30-minute position is completely going the opposite way, and 20 minutes later it is still far from your target, and you don’t know which direction it will take next, then opening any position will be useless.
Hedging is meant to avoid the uncertainties of your current position, not to create larger losses.
Secondly, look at the number of pending orders when trading. If you can’t understand normal sideways movements, then look at bullish and bearish trends. For example, if there is a sudden large number of sell orders while buy orders are scarce during a price increase, don’t hesitate, just open a short position. The opposite is also true.
If during an upward trend, buy orders are consistently filling the lower levels, then there is still room for further increases, and you can open a position in the direction of the trend; the opposite applies as well.
Of course, iceberg orders are not visible to you, but being able to utilize these strategies is enough for you to make some profit.
1. Do not go all in
2. Do not open impulsive orders
3. After closing a position, wait a moment, calm down, and then open a new one
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