Short-term trading strategy and mindset control key points
In the context of short-term trading, if one is always overly worried about the risk of a downturn, they often rush to take profits too early. Once profits are taken and the price continues to rise, it can easily lead to feelings of anxiety. At this time, it is crucial to remain calm and adhere to the following key points:
Entry Strategy:
If you have the time to monitor the market in real-time, you should seek entry points near the day's lowest point and the historical highest point, engaging in fast-paced trading. Specifically, this means looking for short-term long entry opportunities at the lower boundary of the 1-hour chart and the middle-lower boundary of the 4-hour chart.
If this operation seems cumbersome, you can simply wait for the next low long entry opportunity.
Executing 1 - 2 trades per day is most suitable, as new low long trading opportunities emerge every 12 hours. If the entry frequency is too high, it is essential to make quick decisions, as this trading occurs within the day’s lowest and highest point range, where the volatility is relatively limited and the profits are also constrained. Once the price moves away from this range, it is highly likely to fall into a trapped situation.