1. Only trade BTC/ETH.
2. Mainly use the important resistance moving averages above the 4H level to judge the entry for short positions in batches.
For example, if the MA60 moving average on the 4H level continues to suppress the price, then use this moving average as the opportunity to enter a short position.
Generally, use the support below at the same level or one level higher as the entry points for multiple long positions.
Stop-loss: Just place it below the previous low after a downward spike, for example, if the support level is at 2320, and the spike reaches 2310, then the stop-loss should be set below 2310, around 2300.
4. Stop-loss capital: 20% of total capital; if reached, no further trades for the day. 4.2. Daily operations typically consist of two trades, with a single stop-loss limited to 10%.
The size of the position for each trade should remain consistent
5. Try to enter positions in batches, and don't load all your bullets at once! 5.2. Try to follow the trend when opening positions; when the main trend is bearish, try to open short positions, and vice versa
1. When the overall market trend is good, chase the hot coins
2. Control the risk-reward ratio, keeping it around 3:1
3. The daily stop loss drawdown should be 15%-20% of the principal; if reached, do not open positions for the rest of the day
4. Daily review. Three. In a market crash: Stay out and wait to enter in batches; if there are no opportunities, just wait in cash. In such markets, not losing money is equivalent to making money
Four. 1. Trailing stop loss: When the daily conditions for opening a position have not triggered a stop loss and there are no pattern disruptions in the same level candlestick formations, you may not need to set a trailing stop loss
Five. 1. Never think about going all in for a chance to get rich quickly
2. Only trade for your own market! Learn to stay out of the market and don't force trades
3. Do not open night positions
4. Try not to open positions on weekends
5. After being stopped out, you must control your mindset and not get overly emotional
