Capital usage
Divide the principal into ten parts, and for any trade, use no more than one-tenth of the position. Contracts should be even more conservative.
2. Stop-loss
Set stop-loss at the same time as opening a position, generally 3-5 points below or above the entry price. Do not trade without a stop-loss.
3. Do not overtrade
Frequent trading will directly damage your position management system.
4. Do not give back profits
When floating profit reaches over 3 points, immediately move the stop-loss up, first protect the principal, then talk about profits.
5. Do not go against the trend
If you cannot see the trend clearly, do not trade. The market does not owe you any trades.
6. Leave the market when confused
Especially prohibited to open a position when emotions are chaotic.
7. Only trade active coins
Only trade mainstream coins or popular strong coins with increased trading volume; refuse dead coins or zombie coins.
8. Diversify risk
When conditions allow, lay out 4-5 types of coins simultaneously to avoid a single coin black swan.
9. Use market price, not imagined price
Key market conditions should only transact at market price; don’t expect perfect points.
10. Do not arbitrarily close positions
If stop-loss or take-profit logic hasn’t been triggered, don’t impulsively close positions.
11. Accumulate a safety cushion
After continuous profits, regularly withdraw profits to leave for extreme market conditions or system failure periods.
12. Do not buy coins for 'good news'
Airdrops, dividends, and rumors are never reasons to open a position.
13. Never dilute losses
Increasing positions against a single position is one of the shortest-lived actions in the crypto market.
14. Do not trade out of boredom
Don’t enter the market just because you've waited long; also, don’t leave because of impatience.
15. Avoid small losses leading to big losses
For the sake of a few points of fluctuation, exposing the entire position risk is never worthwhile.
16. Do not withdraw stop-loss
Once a stop-loss is set, it can only be moved up, not canceled.
17. Reduce trading frequency
A truly profitable account will not have many trades.
18. Be decisive in both long and short positions
Go long when the market is up, go short when the trend is down; don’t trade based on faith.
19. Do not buy just because the price is low
Low prices are not a reason, and high prices are not a reason to sell; trends are.
20. Correctly increase positions
Only increase positions after a significant breakout above key resistance; immediately reduce or close positions if it breaks below key support.
21. Go long on strong coins
When shorting, prioritize high market cap, weak structure mainstream coins.
22. Do not hedge to cover mistakes
If a trade goes wrong, admit it; don’t use another trade to cover up.
23. Trades must have reasons
Every trade must conform to your system logic; if the market hasn’t changed, don’t arbitrarily reverse positions.
24. Do not increase positions even after continuous profits
The most dangerous time is after making money; if your position doesn’t expand, you can go far.
The cryptocurrency market is not about who makes money faster, but about who lasts longer.
These 24 rules are not meant to make you rich, but to ensure you can still sit at the table in any market condition.#比特币流动性 #加密市场观察 #巨鲸动向 $BTC #美联储FOMC会议
