Making money in trading is actually that simple; just follow these three steps! Master it, and easily multiply your account by 10 times!
Step one: First look at the trend
Step two: Find key levels again
Step three: Find entry signals
Enter the market, profit, close positions, walk away
Isn't it simple?
Let's elaborate a bit more on what follows
Step one: First look at the trend
The state of the market can result in three outcomes: rising, sideways, or falling.
What is a big market? Look at charts with a period of 4 hours or more.
For example, 4-hour, daily, weekly (my personal habit is to look at 4-hour)
Go long when the market is rising, go short when it's falling, and do not trade in a sideways market.
Step two: Find key levels
Whether the market is rising or falling, it will bounce like a bouncing ball, jumping level by level from bottom to top or from top to bottom.
What we need to do is enter the market at its jump point and exit at the next drop point. Finding accurate steps becomes key. Bitcoin is what we refer to as key levels (main support and resistance levels)
Step three: Find signals. Generally, if you find a trend in the larger timeframe, you should look for trading signals to enter in the smaller timeframe. Each person has different strategies for Ethereum; mastering one or two is sufficient.
More importantly, quickly formulate a trading strategy.
A complete trading strategy includes
(1) Asset -- what to trade;
(2) Position size -- how much to hold;
(3) Direction -- long or short;
(4) Entry point -- at what price to trade
(5) Stop loss -- when to exit losing trades
(6) Take profit -- when to exit winning trades
(7) Countermeasures -- how to respond to unexpected situations
(8) After-hand -- actions after the trade ends.
Opening positions follows the core of trading: the flexible application of technology, position size, and strategy.
It's still the same saying: If you don't know what to do in a bull market, click on the old blogger's avatar, follow, and get free shares on spot market planning and contract passwords in a bull market.
