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Do you want to seize the opportunity to win the currency market by mining popular strong coins?
Explore opportunities in popular strong coins. Only by accompanying strong coins can you have the opportunity to make short-term rapid profits.
We must decisively and completely abandon those unpopular currencies.
First, we must pay attention to the current popular concept sectors, and then select currencies with an increase of more than 7%, because this is equivalent to the main force has helped us to select them.
As the saying goes, only by standing on the shoulders of giants to see the world can we not be afraid of the clouds blocking our eyes and closely follow the hot funds, because the trend track is the way of the king.
First, about the trading cycle. Short-term holding of coins can be done on the same day, set the stop profit between 4% and 6%, and the stop loss is 2%. The essence of short-term lies in the word "short". Time is the biggest opportunity cost of funds. It must be fast, accurate and ruthless like a guerrilla war, and must not fight for a long time.
Second, the trend is supreme. Don't not buy because the price is high, and don't buy because the price is low. There are many opportunities in the upward trend. Don't easily say the bottom when it falls. Never decide the direction of buying and selling based on the high or low price. This is a psychological barrier that needs to be overcome. Those who are afraid of high prices are often miserable.
Third, position management is crucial. Keep the bottom position at 20% to 30%. If the market direction is consistent, gradually increase the position, but the proportion of increasing positions should be smaller and smaller. Position control should show a large bottom and small top form, just like a pyramid. In this way, your average position price will be lower than the market price. The pattern determines the mentality.
Fourth, the moving average indicator cannot be ignored. The 10-day moving average is the main trading line, and it can also be regarded as the main cost line. When the currency price falls but does not fall below the 10-day moving average, it is the best time to get on board.
Fifth, it is essential to insist on reviewing. Keep a detailed market record, take out all the transaction slips, and write down all the details of each losing transaction, including transaction date, transaction code, opening price, closing price, transaction reason, precautions, etc.
