3 core strategies to improve your success rate (dry goods)
"Successful trading is not just about technology, but also a game with your own patience." - Soros
Short-term trading, as a way to quickly make profits in the market, has attracted countless investors. However, in the high-frequency entry and exit, such as
How to maintain a high success rate?
Especially for short-term traders, stable profits require not only technology, but also patience and strategy.
Several key methods to improve the success rate in short-term trading, from signal screening to profit and loss ratio adjustment, to the skills of accumulating profits, I hope
Provide you with effective reference.
1. Signal screening: patiently wait for the best time
In short-term trading, it is crucial to capture the right buying and selling opportunities, which can not only help us avoid false signals, but also effectively improve
However, there are very few opportunities with a high success rate. To find such opportunities, we need to have
Be prepared with sufficient patience and strict signal screening ability.
a. Trading opportunities of multiple resonance conditions
The so-called "multiple resonance" refers to the resonance of multiple technical indicators or signals at the same time or in a short period of time. This resonance can be price.
The synchronous resonance of patterns, technical indicators and market volume can also be the consistency of short-term trends and long-term trends.
It indicates the strengthening of market trends and is also a safer entry signal.
For example, when the moving average system, RSI indicator and K-line pattern all point in the same direction, this is a signal of multiple resonance.
The advantage is that it not only improves the success rate, but also significantly reduces the interference of false signals. Multiple resonance means that the market consensus is clearer
Indeed, the reliability of approach is also higher.
b. Trading opportunities after false breakouts
In short-term trading, false breakouts are often a means of inducing longs or shorts. This phenomenon of false breakouts can help us capture the
Specifically, false breakouts usually occur near important support or resistance levels. When the market breaks through a key position and quickly
A decline often means that the main force is clearing the floating chips in the market.
The reverse opportunity after a false breakout usually has a higher chance of success because the market sentiment has obviously reversed.
After a false breakout, the price quickly pulls back above the support level. This is an opportunity for us to consider entering the market.
Opportunities, short-term traders can obtain higher returns with low risks.
c. The importance of patience
Signal screening and patient waiting are equally important. Many short-term traders are easily dragged by market fluctuations, leading to over-trading, and over-trading
The main reason for the low success rate is often due to the lack of patience. In short-term trading, patience is the key to our success. Waiting for clear signals, patience
Only by observing the market trends can you find trading opportunities that truly meet your conditions.
These nine skills are a must-learn. The cryptocurrency world is a place to make money, but high returns are often accompanied by risks. Here are some tips for you.
The techniques of cryptocurrency investment are also my experiences, which I would like to share with you.
First, decisiveness. A good investor needs decisiveness. Once you have made up your mind, follow your own ideas and don’t be afraid of losses. Reasonable losses are
Losses can avoid risks, so avoid indecision.
Second, the point of entry order, there are two modes of digital currency, bullish and bearish, which can be divided into low-long, low-high-long, high-high and four-high.
If it is a unilateral trend, this is feasible, but if it is a shock trend, then there is no need to buy low and sell high, and avoid chasing the rise and killing
fall.
Third, the allocation of funds for positions should be consistent with one’s psychological tolerance. When the position is too large or full, once the trend changes, the loss will increase.
Changes in logic make it impossible to operate and analyze calmly, resulting in errors.
Fourth, in a unilateral trend of profit taking, the stop loss method can increase the profit space, while in a volatile market, profit taking requires personal consideration of the point of closing the position.
In a volatile market, it is possible that a small profit from each order can accumulate into a large amount.
Fifth, stop loss. You must think about the stop loss price before investing, and fill in the stop loss price after placing the order. If the market trend is not what you expected,
How can we reduce losses and preserve vitality as soon as possible?
Sixth, frequency: Digital currency can be traded 24 hours a day, so some market conditions may be missed. You need to control your trading frequency. Too much trading will lead to
This can easily lead to technical analysis errors.
Seventh, mentality is the most important thing in this industry. How much money you make will affect your mentality, but we should think about whether we are making money or losing money.
It’s not about how much you earn. It’s better to earn less than to mess up your mentality and lose money.
Eighth, we can add positions in the trend during a unilateral trend, but we cannot add positions against the trend. Adding positions against the trend is likely to lead to
As the loss increases, we should not arbitrarily cancel or change the stop loss of the counter-trend order.
Ninth, when the market shows a one-sided trend, we should not think about adjusting at any time. Maybe all indicators are at high levels, but
Indicators will also diverge and you cannot go against the trend.
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