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Three Golden Rules for Short-term Trading in Cryptocurrency

Profit Withdrawal Rule

When profits exceed 10%, immediately activate capital protection. If the cryptocurrency price falls back to the purchase price, decisively cut losses and sell; when profits reach 20%, set a minimum profit of 10% as the bottom line and do not sell before being absolutely sure of reaching the peak; if profits climb to 30%, and then retract to 15% profit, it’s time to exit. Skillfully using profit withdrawal allows for steady profit accumulation when precise prediction of high points is not feasible.

Capital Protection Rule

After opening a position and purchasing a cryptocurrency, if losses reach 15% (the specific ratio can be adjusted according to individual risk preference), immediately cut losses. Do not hold onto hope; a mistake in entry requires timely loss-cutting, which is itself a correction of the mistake. Always set stop-loss immediately after opening a position, do not let a small mistake turn into a bigger problem, and avoid blindly chasing prices up and down.

Rebuying at Original Price Rule

If after selling, the price falls and you still believe in the cryptocurrency, buy back the original quantity for safety while retaining your position; if after selling you did not buy back and the price rises back to the selling price, do not hesitate, immediately buy back at the original price, incurring only transaction fees is better than missing out entirely. This rule is linked with capital protection; if several rounds of operations see the price easily break through the levels, it means that the entry point was incorrect, and you should decisively look for another position.

Key Points for Short-term Cryptocurrency Trading: Quick entry and exit is not blind high-frequency trading, chasing hot spots should not be done blindly, taking profits is not cowardice, staying in cash and observing does not mean leaving the battlefield, buying and selling should not aim for bottoming out or topping off, strictly adhere to the rules and manage risks. #Marvin #BNB创历史新高 #微策略持续增持BTC #每日瓜分1BNB #美国合规概念币走扬