Master these six strategies
Teach you to cut losses in time
First, stop-loss for bottom fishing failure Retail investors like to bottom fish on the left side, but after failing to bottom fish, they do not stop-loss and get stuck. If you are buried in bottom fishing and the price falls below the starting point of the stage, you must sell even if it is a mistake to avoid greater losses.
Second, stop-loss at key support levels In an uptrend, when the price rises to a high and stops in a densely packed area of chips, once it breaks the key support level, you must strictly stop-loss.
Third, stop-loss in an uptrend Continuously increasing positions in an uptrend is the practice of winners, but if the coin price falls below the previous high and the lowest price of the last three K-lines, you should consider stopping the increase or stop-loss.
Fourth, fixed stop-loss For trades that cannot afford to lose or large positions, there must be a fixed stop-loss level. If a single trade loses 2% of the total position, you should consider stop-loss.
Fifth, moving average stop-loss Use moving average support method to judge the market. If the price breaks through the key moving average, you must decisively stop-loss upon confirmation of the break.
Sixth, trend line stop-loss In an upward trend, if the closing price falls below the trend moving average for two consecutive days, you must decisively reduce positions and stop-loss. If you hold on, when the coin price returns to the cost price, 80% of retail investors will sell off.
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