1. Only trade old 1 and old 2.
2. Primarily judge the entry for short orders based on the important moving average group above the 4-hour level.
For example, if the MA60 moving average above the 4-hour level continuously suppresses the price, then use this moving average as the timing for entering short orders.
Generally, use the support below the same level or one level higher as the entry point for long orders in batches.
Stop-loss: Place it below the previous low after a downward spike followed by a rise, for example, if the support is at 2220 and the spike reaches 2210, then set the stop-loss below 2210, around 2100.
4. Stop-loss principal: If it reaches 20% of total capital, no further orders should be placed that day. 4.2. Daily operations generally focus on two trades, with a single stop-loss controlled at 10%.
The position size for a single order should remain consistent.
5. Try to enter in batches, do not load all bullets at once! 5.2. Try to follow the trend when opening orders; if the main trend is short, try to open short orders, and vice versa.
When the market trend is good, chase the hot coins.
Control the profit-loss ratio, keeping it around 4:1.
The daily stop-loss drawdown should be set at 15% of the principal, and if this is reached, no further orders should be placed that day.
Daily review 3. Market crash: Stay in cash and wait for opportunities to enter in batches. If there are no opportunities, just wait in cash. In this market, not losing money is equivalent to making money.
4.1. Profit protection stop-loss: When the daily order does not trigger a stop-loss and the same-level K-line pattern has not shown a pattern breakdown, you can choose not to use a profit protection stop-loss.
Never think about going all in for a chance to get rich quickly.
Only trade in your own market! Learn to stay in cash, do not force opening orders.
Do not hold overnight positions.
Try not to open orders on weekends when there is no market activity.
After being stopped out, maintain a good mindset and do not enter again.
You must control your position well; do not go all in or heavily invest. Set stop-loss and take-profit levels properly.
I am Wenhua, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I can help you solve confusion and entrapments, speaking with strength. When you are lost and don't know what to do, follow Wenhua, who will guide you.
