$I only play DOGE because the volatility is high, the required capital is small, and the transaction fees are correspondingly lower. My principal is only $1000, and I mainly do day trading because I get anxious very easily. When I'm anxious, I can't sleep, and holding positions makes it even harder to sleep.
My trading method is very simple; I just look at the Bollinger Bands. A couple of days ago, I had an inspiration to write a new strategy for Bollinger Band touch and trend reversal, and I'm still optimizing it slowly.
I rarely pay attention to news; for major news impacts, I generally only look at the opinions shared by the user Aoying.
I leverage 10 times, but in reality, I only open a maximum of twice the amount. I'm not looking to make a lot; as long as I can make a little money for groceries each day, that's enough.
I strictly implement stop-loss and take-profit measures, avoiding heavy positions when I get overly emotional. Contracts are meant for the long term.
The trading cycle is based on the order of candlesticks:
Main: Daily chart
Secondary: 4-hour chart
Support: 1-hour chart
Entry: 15-minute chart
Occasionally glance at the weekly chart.
If I've identified an opportunity point for opening a position, I will share it, along with the risk assessment, and you can decide whether to follow.
Wishing everyone early success in making money.
