I have been trading stocks for 9 years now. In the first 3 years of entering the market, I invested 1 million, losing down to 120,000. Relatives and friends all advised me to give up, thinking that my way of trading cryptocurrencies was the most foolish method, neglecting my family and lacking ambition, etc.!
I've been insulted with the harshest words! At that moment, I almost gave up and lost confidence in myself!
But I was not willing to give up, I vowed to my husband to use the last 120,000 to give myself another chance! Then I continued to explore deeply; later, with the remaining 120,000 capital, I earned over 27.5 million in three years!
No boasting! When you truly summarize a method that belongs to you and strictly follow it, you can definitely turn things around!
Day Trading Techniques and Points to Note
1. Market Sentiment and Emotion: The changes in trading volume and open interest can help analyze the strength of bullish and bearish sentiment.
When there is high volume but the price does not drop, it may stop falling; if there is high volume but the price cannot rise, the short-term rise may be reaching its peak.
The requirements for volume in the uptrend process and downtrend process are different.
Uptrend Process: Continuous and uniform volume increase is needed; uniform volume in a 3-minute K-line chart indicates that the upward trend will continue. If there is a sharp decrease in volume...
Or if there is a very large volume, the rise may come to an end.
Downtrend Process: As long as there is an increase in volume when breaking below some key positions, the downtrend will continue.
When the price rises to a certain level and stops, but the positions keep increasing, and the buy/sell orders are getting lower, it indicates that the price may drop.
Increasing positions while stagnating is a very good short-selling opportunity, or increasing positions while falling may lead to a rebound.
2. Key Levels: Draw the pressure, support, trend lines, etc. on the chart, and take swift action when the price reaches or breaks these key levels.
I personally use Fibonacci retracement to predict pressure and support.
3. Trading Rules: Only one type of asset can be operated on within a specific time period.
Continuously track the assets being operated until the asset no longer has speculative value before giving up.
4. Market Observation Window: 1-minute window – this is prepared for grasping the timing of entry and exit;
3-minute window – this is used to monitor the wave situation after entering the market;
30-minute or 60-minute window – used to monitor intraday trend changes at any time.
Here, I'd like to remind everyone: there are plenty of trading opportunities. If you hit a stop loss, don’t be anxious to recover immediately.
If you stop loss, this trade is completed; the next trade is a new one, and the profit should be as much as possible. Do not use previous operations to set the target for the next operation, as this will lead to losses every time.
Finally, I’ll share this trick, with a winning rate of 99%, suitable for everyone.
The method I share with you today is actually very simple. Even if you are new to the market, as long as you strictly follow this method, you can easily make money.
First, we need to set the moving averages on the K-line chart to three lines: the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline; it is a strong support or resistance. Then we can buy and sell based on these three moving averages.
1. The selected assets must be in an upward trend; those in consolidation are also acceptable, but those in a downward trend or with moving averages diverging...
If the mouth is pointing downward, it must not be selected.
2. Divide the capital into three equal parts; when the price breaks the 5-day moving average, buy 30% lightly and wait until the coin price breaks the 15-day moving average before proceeding.
Buy 30%, similarly, when breaking the 30-day moving average, buy the last 30%. This requirement must be strictly executed.
3. If the coin price does not continue to break upwards after breaking the 5-day moving average, but instead pulls back, as long as the pullback does not break the 5-day line, maintain the original position; if it breaks, sell.
4. Similarly, if the coin price breaks above the 15-day moving average but does not continue to break upwards, hold if it pulls back without breaking the 15-day moving average; if it breaks, sell 30% first. If it does not break the 5-day moving average, hold 30% of the position at the 5-day moving average.
5. When the coin price continues to break above the 30-day moving average and then pulls back, sell once according to the previous method.
6. Selling is the opposite; when the coin price is at a high level, sell 30% when it breaks below the 5-day line, and if it does not continue to drop, hold the remaining 60% position. If the 5-day, 15-day, and 30-day lines all break below, sell all without holding onto hope.
This 'foolproof' operation method is simple, but the most important thing is to have execution power. After you buy in, the trading system is formed, and only by strictly following the trading discipline can you earn profits.
