It is a common problem for retail investors around the world. They hold on to their losses and run away when they make a little money. They don't look at the overall market trend or the trading volume, but just focus on the meager profits in their accounts. In fact, it should be the other way around. If you make money, you should keep it steady, and if you lose money, you should stop losses in time, otherwise you will lose everything in the end.
My stop-loss and stop-profit principle is quite simple. If you make 15%, you will withdraw 10% first. If the profit continues to rise, you will continue to hold it and let the money make money. If the price falls after buying, and the loss exceeds 5% of the principal, you will sell it immediately. If you can do this every time, stop profit when you make 10% and stop loss when you lose 5%, and do it 100 or 80 times, even if the winning rate is only half, the income can be tripled. The difficulty lies in the greed and fear in people's hearts. Remember, you have to follow the trend, don't go against the trend.
Once the trend is formed, don't think too much, just follow the funds. Don't know how to read the trend? Then look at the moving average. If the moving average goes up, it means longs, and if it goes down, it means shorts. For short-term trading, look at the daily moving average. If it breaks through with large volume, it means the bottom. For medium and long-term trading, look at the weekly moving average. If it breaks through with large volume, you will enter the market, and if it breaks, you will exit. Don't fight with the trend. If the market is not good, just go short. Don't think about buying at the bottom, and don't fantasize about rebounding after buying. This kind of good thing is too rare. For cryptocurrency trading, you have to do things with high probability, and don't think about things with low probability.
Admit mistakes and stop losses in time. This is the basis for you to survive in the market. As for methods, no matter which one, it is enough to master one and use it thoroughly.
For short-term trading, don't look at those 15-hour, 30-minute K-line charts. Look at the KDJ indicator to find the entry and exit points, and look at the OBV indicator to identify the main trend. The key to washing and shipping is to look at the shrinking volume and the increasing volume. For those coins that have risen strongly and increased in volume, if there is a risk warning, don't be afraid. It may be a shrinking volume shock, and there will be new highs waiting behind.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!