A common problem among retail investors is that they stubbornly hold on when faced with losses, and are eager to cash out once they make small profits. They pay too much attention to the sporadic profits in their accounts and ignore the key indicators of the overall market trend and trading volume.
My suggestion is that you should stay calm and patient when making profits. If the loss exceeds 5%, you should stop the loss quickly and leave the market.
My little tip is that when the profit reaches 15%, consider exiting if it retraces to 10%; if the market continues to rise, continue to hold. Through such flexible operations, even if the success rate is only half, considerable profits can be achieved over the long term. The key is to control greed, be brave enough to face losses, have a plan in mind, follow market trends, and avoid going against market trends.
When judging market trends, the moving average is an effective auxiliary tool. Its rise indicates an upward trend, and its sinking indicates a downward trend.
For short-term traders, it is crucial to pay close attention to the daily chart. Once the trading volume changes significantly, the trading strategy should be adjusted immediately to follow the market rhythm.
If you are investing in the medium and long term, you need to pay attention to the weekly chart, buy decisively when it breaks through the key point, and sell decisively when it falls below. During a market downturn, you should remain cautious and avoid blindly buying the bottom, as it is extremely difficult to make profits by operating against the trend. In digital currency trading, you should focus on the main trends and stop losses in time, which is more important than pursuing small profits.
When conducting short-term operations, you need to pay close attention to the 15-minute to 1-hour K-line chart, use the KDJ indicator to find suitable buying and selling opportunities, and at the same time combine the OBV indicator to speculate on the movement of the main funds. Trading volume typically decreases during a stock washout and increases significantly during shipments. For popular digital currencies, in the face of risk news, they may experience shocks in the short term with reduced trading volume, but in the long term it is still possible to reach new highs.
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