8 Short-term Trading Tips! Save Tens of Thousands on Tuition $BTC
1. Look at daily charts for short-term trades, as it's easy to misjudge. What really works is 'daily chart analysis + 30-minute entry points'; small cycle structures often reverse before larger cycles, and the details hold the key to whether you can profit the next day.
2. If the trend goes bad, give up immediately. A broken pattern is broken; forcing it is just giving away money. Remember: going with the trend might not make you rich, but going against it will definitely lead to quick losses.
3. Follow the hot money for short-term trades. Coins without liquidity, topics, or funding, no matter how good the charts look, are just decorations. Retail money is like water; it only flows to lively places.
4. Plan your trades, and trade your plan. Impulsive decisions during trading have a 90% chance of being traps. Emotions are the biggest cost in short-term trading.
5. Others' analyses are just references; you are solely responsible for your account. Listening too much can lead to confusion; independent thinking is the key to survival.
6. Direction is a hundred times more important than choosing coins. When the big trend is up, buying anything will yield profits; when the trend is down, even hard work is in vain.
7. Only engage in upward trends, don’t guess rebounds. Prices always move towards the path of least resistance; chasing strong trends is much safer than trying to catch a bottom. $ZEC
8. After a big profit or loss, make sure to be in cash and calm down. Stop and think clearly: why did that last trade succeed? Why did it fail? If you can't figure it out, you'll lose on the next trade.
Short-term trading isn't about speed; it's about discipline. If you execute these effectively, you have already outperformed the majority in the market.
