How to steadily profit in contract trading? The winning rules that experts are using!
Different market conditions require different strategies to operate!
1. Volatile Market:
1. Only trade high sell low buy for BTC/ETH, do not trade any altcoins!
2. Short Selling:
2.1. Entry Point: Mainly judge the entry point for short positions based on important resistance moving averages above the 4H level.
For example, if the MA60 moving average above the 4H level continuously suppresses the price, then use this moving average as the timing to enter short positions.
2.2. Stop Loss:
Set it above the previous high after a spike up and subsequent drop, for example, if the resistance level is at 2440 and the spike reached 2450,
then place the stop loss above 2450.
3. Long Position:
3.1. Entry Point:
Generally take the support below the same level or a higher level as the entry point for long positions.
3.2. Stop Loss:
Set it below the previous low after a spike down and subsequent rise, for example, if the support level is at 2320 and the spike went down to 2310,
then place the stop loss below 2310, around 2300.
4. Drawdown Control:
4.1. Stop Loss Principal: 20% of total capital, if reached, no more trades for the day
4.2. Daily operations generally focus on two trades, with single trade stop loss controlled at 10%
4.3. The size of the position for each trade should remain consistent!
5. Entry Method:
5.1. Try to enter in batches, do not fill all at once!.
5.2. Try to follow the trend for entry, when the main trend is down, try to open short positions, and vice versa!
2. Main Uptrend Market: Use intraday trading strategies
1. When the overall market trend is good, chase hot coins (top 3 by increase, or highly popular coins)
2. Control the profit-loss ratio, keep it around 3:1
3. Daily stop loss drawdown should be 10%-15% of the capital, if reached, no more trades for the day
4. Daily review
3. Crash Market:
Wait in cash to enter in batches,
If there are no opportunities, just wait in cash,
In this market, not losing money is equivalent to making money!
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