0625 Blue Star Trading Notes Part 1
I woke up in the morning and opened Binance to check the market. ETH failed to rebound and hit 2500. As a representative of altcoin sentiment, if ETH can't go up, other coins will find it even harder, so I decided to open a short position.
When opening positions, there should be at least a 3:1 risk-reward ratio.
I have gradually opened 10x short positions on farcotin, 20x short positions on kaito, and 20x short positions on moodeng. The positions are all very small.
The take-profit and stop-loss points have all been set.
If it hits the stop-loss point, let it go with the wind and wait for the next opportunity.
If you see more than 50% profit when you are not busy, set a limit order to protectively stop-loss at a 50% retracement.
In extreme market conditions, even if you are very certain, do not use more than 20% of your funds; add this to your trading discipline.
Publicly share your thoughts, make your trading plan, and also earn commissions by leading trades at Binance Square; it's also a source of income.
Yesterday, Brother B told me that his quantitative strategy was leading trades at Binance Square, and it quickly filled up to 200 people. This shows that leading trades at Binance Square can earn commissions. If your trading strategy is generally stable with a positive expected value, just earning commissions aligns with the compound income system of the City of Compound Interest.
Blue Star looked at the previous posts casually, and surprisingly there was commission income. This is good and can be developed further.
Blue Star Trading Notes Theme Series Part 1 written in a taxi.
Going forward, the operations of meme should also be genuine records.
