【Trading System Sharing Post 1: Trading is Self-discipline】
1. Start with a small position, 1 point warning, 2 points ready for loss, 4 points unconditional loss
2. Never add to a position in case of passive losses!
3. Win big, lose small; after a loss, reduce position size
4. Look at the cycle from large to small, follow the large trends and go against the small ones
❤️Position Management❤️ Mainstream: Short no more than 3 times, long no more than 5 times Shanzhai: Short no more than 0.5 times, long no more than 1 time
1. The market is always there, don’t worry about missing opportunities; preserving your capital is the most important! 2. No matter how capable someone is, they need to give themselves some margin for error! 😐
1. Made a large retracement on the AIA coin, the decline was too severe.
2. The altcoin market has not been as favorable these past few days, and my own trades haven't performed well either. Currently, several coins are consolidating at relatively high levels, waiting to see the direction of the market change.
3. After the second wave of mainstream coins' pullback, there has been a small rebound on the daily chart. For Bitcoin, the upper resistance is 93,000 and the lower support is 84,000; short-term outlook is volatility.
Record from the morning of 11.22 (Real trading day 20)
1. In the last couple of days, several altcoins have experienced significant fluctuations, making them relatively easier to trade, somewhat reminiscent of early September.
2. The mainstream coins have pulled back deeply for the second time on the daily chart, and the smaller levels have started to oscillate at the bottom, suggesting that it may take some time to stabilize.
1. This coin performed very strongly yesterday, boosting market sentiment. Currently, it is undergoing a correction; let's see if it can stabilize on the hourly chart.
2. Mainstream coins experienced a second wave of correction; the first daily attempt to stabilize failed and continued to decline, quickly approaching the lower weekly and monthly pressure levels. The short-term likelihood of a decline is greater than a rebound, but the strength of any rebound may be limited. The larger trend is still downward.
Record on the evening of 11.17 (14th day of real account)
1. This coin is really hard to short; I tried several times today but still couldn't make a profit.
It seems like it's going to strengthen a bit, going long at high positions is still a bit dangerous, let's wait for a pullback to see.
2. After mainstream coins broke the box, they have already tested it down twice, the probability of significant fluctuations in mainstream coins in the near term is relatively low.
Record on the evening of 11.13 (10th day of the real account)
The current trend of the bank is a bit extreme, sharply increasing before exhausting the bears, and then continuously falling to hit the bullish trend.
In this kind of trend, the high-leverage bulls are in a tough spot, and the newly entered bears probably won't open large positions at the beginning.
Under high volatility, leverage and positions need to be reduced.
Brothers, let’s work hard together, feel free to leave comments to share thoughts and experiences🌹
【Starting with 1000u】Evening record on November 7th (Real trading day 4)
$AIA This coin is still rising, continuously squeezing shorts. Currently, it still looks very strong from the daily and 4-hour levels, with a volume decrease on the 1-hour level and a divergence between price and volume, which may lead to a certain degree of pullback.
Recently, the market has seen one volatile coin after another; those that rise are soaring, and those that fall are plummeting. If you're not careful, you could face liquidation.
You still need to manage your pullbacks well. Everyone should pay attention to their positions, reduce risks, and avoid excessive losses.
The customer service response indicates that the project side has basically run away. 😖
After participating in some on-chain transactions, I unexpectedly encountered this situation.
Everyone must be cautious and not buy easily.
Pay attention to the basic situation of the coin, liquidity, and the number of addresses holding the coin, I just didn't pay attention and ended up buying this coin, which has gone to zero.