The six short-term essences of short-term trading with a success rate of more than 90% of super-line transactions are the best way to make small funds bigger:
1. Principles of currency selection
Look for opportunities in popular strong coins, and continue to make short-term rapid profits with strong coins. Completely abandon trending unpopular coins, first look at the next hot concept sector, and then choose coins with an increase of more than 7%. This is the main force that has been saved. Stand on the shoulders of giants to see the world, don’t be afraid of floating clouds blocking your eyes, follow the hot funds, and trend breakthroughs are king
2. Trading cycle
Short-term holding of coins will arrive on the same day, stop profit 4% to 6%, stop loss 2%, the essence of short-term appears short, time is the biggest cost opportunity of funds, it must be as fast, accurate, and ruthless as guerrilla warfare, and you can’t fight
3. Trend is king
Don’t buy because the price is high, and don’t buy because the price is low. There are many rising trends and no bottom for falling. Never decide because of the high or low price Determine the direction of buying and selling. This is a psychological barrier that must be overcome. Those who are afraid of heights are miserable.
4. Position management
The bottom position is controlled at 20% to 30%. If the market direction is consistent in the future, gradually increase the position, and the increase ratio is getting smaller and smaller. The position control is large at the bottom and small at the top, like a pyramid, then your average position price will be lower than the market price. The pattern determines the mentality.
5. Moving average indicator
The 10-day moving average is the main trading line, which can also be said to be the main cost line. When the currency price falls back and does not fall below the 10-day moving average, it is the best time to get on the bus.
6. Insist on reviewing
Keep a detailed market record, take out all the transaction orders and write down all the details of each loss transaction, including transaction date, transaction code, opening price, closing price, transaction reason, precautions, etc., study and analyze each failed decision, and find out the same mistakes that are repeated many times. Summary of mistakes, such as entering the market too early, being too nervous, holding for too long, and having too large a position, etc.
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