1. Divide your funds into 5 parts, and invest only one-fifth each time! Set the stop loss at 10 points. Once you make a mistake, you will only lose 2% of the total funds. Even if you make 5 mistakes in a row, you will only lose 10% of the total funds. If you make the right judgment and set a stop profit of more than 10 points, do you think you will be trapped?
2. So, how to further improve the winning rate? In short, it is the word "follow the trend"! In a downward trend, every rebound is likely to lure more people; in an upward trend, every decline may create a golden pit. Tell me, is it easier to make money by buying at the bottom or buying at a low point?
3. Do not touch the currencies that have skyrocketed in the short term, whether they are mainstream currencies or altcoins. There are very few currencies that can go through several waves of main rising waves. The logic is that after a short-term surge, it is difficult to continue to rise. When in a state of high stagflation, the subsequent momentum is insufficient and it will naturally fall. This is a simple and easy-to-understand truth, but many people always want to take a chance.
4. You can use MACD to determine the entry and exit points. If the DIF line and the DEA line form a golden cross below the 0 axis and break through the 0 axis, this is a relatively stable entry signal. When MACD forms a dead cross above the 0 axis and moves downward, it can be regarded as a signal to reduce positions.
5. I don't know who coined the term "covering a position", which caused many retail investors to suffer big losses! Many people cover their positions as they lose more, but the more they cover, the more they lose. This is the most taboo in the process of cryptocurrency trading, and it will put oneself in a desperate situation. Please remember, never cover your position when you are losing money, but add to your position when you are profitable.
6. Volume and price indicators are crucial, and trading volume is the soul of the cryptocurrency market. When the price of a cryptocurrency breaks through at a low level during consolidation, you need to pay attention to it; when the price of a cryptocurrency stagnates at a high level, you need to leave the market decisively.
7. Only choose the currency that is in an upward trend to operate, so that the chance of winning is the greatest and time will not be wasted. The 3-day line turns upward, which is a short-term rise; the 30-day line turns upward, which means the medium-term rise; the 84-day line turns upward, which is the main rising wave; the 120-day moving average turns upward, which is a long-term rise!
8. Adhere to weekly review to check whether the logic of holding coins has changed. Check whether the weekly K-line trend is consistent with the judgment from a technical perspective, whether there is a trend change in the direction, and review and adjust the trading strategy in time.
