Ultra-short-term trading skills with a success rate of more than 90%, the six essences of short-term trading, the best way to make small funds bigger
1. Principles of currency selection
Look for opportunities in popular strong coins. Only by working with strong coins can you have the opportunity to make short-term quick profits. Completely abandon trending unpopular coins. First look at the current popular concept sector, and then choose the currency with an increase of more than 7%. This is what the main force has already chosen for you. Stand on the shoulders of giants to see the world, don't be afraid of floating clouds blocking your eyes, follow hot funds, and the trend track is king
2. Trading cycle
Short-term holding of coins on the same day, stop profit 4% to 6%, stop loss 2%, the essence of short-term is short, time is the biggest opportunity cost of funds, be as fast, accurate, and ruthless as fighting guerrilla warfare, and don't fight for a long time
3. Trend is king
Don't buy because the price is high, and don't buy because the price is low. There are many rising trends and no bottom for falling. Never decide to buy or sell because of the high or low price direction, this is a psychological barrier, to overcome, those who are afraid of heights are miserable
4. Position management
The bottom position is controlled at 20% to 30%. If the market direction is consistent in the future, gradually increase the position, and the proportion of increasing positions is getting smaller and smaller. The position control is large at the bottom and small at the top, like a pyramid, so that your average position price will be lower than the market price. The pattern determines the mentality
5. Moving average indicator
The 10-day moving average is the main trading line, or the main cost line. When the currency price falls back and does not fall below the 10-day moving average, it is the best time to get on board
6. Insist on reviewing
Keep a detailed market record and take out all the transaction orders
Write down all the details of each loss transaction, including transaction date, transaction code, opening price, closing price, transaction reason, precautions, etc., study and analyze each failed decision, and find the same mistakes that have been repeated many times. Summary of mistakes, such as entering the market too early, being too nervous, holding for too long, having too large a position, etc.
