How do day trading experts make money in the cryptocurrency world?

Tips 1. Like other types of trading, day trading also requires a trading system. If you want to make stable profits, you must rely on some long-tested technology, including entry and exit signals, stop loss and take profit, position size, etc. Otherwise, the intraday trend is often chaotic and disorderly, and your own operations are upside down, so how can you talk about profit? How can you talk about stability?

Tip 2: Since there is a system, intraday trading does not necessarily have to be done every day. Only trade in the market that you can understand and the market that belongs to you. Have awe of the market. You can be undecided about taking profits, but you must be decisive about stopping losses. Only in this way can you survive in the market;

Tip 3: It is best to look long and short in intraday trading. For example, according to the one-minute K-line operation, it is very necessary to analyze the 5-minute, 30-minute and even daily K-line first. Because the intraday trend is up and down and unpredictable, it is a very important skill to close the position in time for profit;

Tip 4: Like any transaction, trading is always accompanied by personal emotions. Intraday trading is more intense because of watching the market all the time. Don't let yourself fall into a certain obsession, don't be angry about the market, don't be too heavy and let yourself fall into an irresistible loss, don't stop loss and let yourself become meat on the chopping board at the mercy of others, you must maintain a calm and relaxed mentality.

Tip 5. You must remember that all the theories and techniques you know, all the experiences and ideas you have are just knowledge (in the scope of knowing). In this market, the only thing you can control is stop loss and take profit (in the scope of doing). Always control stop loss within the range you can bear. This is the highest principle, which overrides all theories and techniques. As for stop profit, that is a higher level.