I have been trading stocks for 9 years now. In the first 3 years after entering the market, I lost from 1 million to 120,000. Relatives and friends all advised me to give up, thinking that my method of trading coins was the dumbest way, neglecting family and lacking ambition, etc.
I've been insulted with the harshest words! I almost gave up at that moment and lost confidence in myself!
But I was unwilling to give up. I swore to my husband that I would give myself one more chance with the remaining 120,000! Then I continued to focus and explore, and later I earned over 27.5 million with the remaining 120,000 in capital over 3 years!
No boasting! Once you truly summarize a method that belongs to you and strictly follow it, you can definitely turn things around!
Intraday trading tips and points to note
1. Market sentiment and emotion can be analyzed from the changes in trading volume and open interest.
If there is a large volume but the price doesn't drop, it may stop falling. If there's a large volume but the price can't rise, it may be nearing the top in the short term.
The requirements for volume in the rising process and the falling process are different.
In the process of rising: continuous and uniform volume increase is needed; uniform volume in the 3-minute K-line chart indicates that the uptrend will continue; if there is a significant decrease in volume...
Or if there is a very large volume, the rise may have come to an end.
In the process of falling: as long as there is a large volume when breaking some key positions, the downtrend will continue.
When the price rises to a certain level and stops rising, but the position keeps increasing with the buy and sell orders getting lower and lower, it indicates that the price may drop.
Increasing positions with stagnant price is a very good shorting opportunity, or increasing positions while the price is dropping makes it easy to rebound.
2. Key price points: Draw pressure, support, trend lines, etc., on the chart. When the price reaches or breaks through these key points, take swift action.
I personally use Fibonacci retracement to predict pressure and support.
3. Trading rules: Only one variety can be operated during a specific time period.
Continuously track the varieties being operated until they no longer have 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 swing situation after entering the market.
30-minute or 60-minute window -- used to monitor intraday trend changes at any time.
Just a reminder here: there are plenty of trading opportunities. If you get stopped out, don't rush to make it back immediately.
If you get stopped out, that trade is complete; the next trade is a new one, and you should earn as much as possible. Don't set the target for the next operation based on previous trades; otherwise, you will lose every time.
Finally, I share this trick, with a win rate of 99%, suitable for everyone.
The method I'm sharing today is actually very simple. Even if you are a novice in the circle, 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: 5-day moving average, 15-day moving average, and 30-day moving average. The 30-day moving average is the lifeline, a strong support or pressure line. Then we can buy and sell based on these three moving averages.
1. The chosen asset must be in an upward trend; being in a consolidation phase is also acceptable, but being in a downward trend or with the moving averages diverging is not.
If the mouths are all pointing down, it must not be selected.
2. Divide the funds into three equal parts. When the price breaks above the 5-day moving average, lightly buy 30% of the position, and wait until the coin price breaks above the 15-day moving average before...
Buy 30%, similarly buy the last 30% when breaking above the 30-day moving average; this requirement must be strictly followed.
3. If the coin price does not continue to break above the 15-day moving average after breaking the 5-day moving average, but instead retraces, as long as the retracement 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 doesn't continue to rise, hold on if it retraces without breaking the 15-day line. If it falls below, sell 30% first. If it doesn't break the 5-day moving average, hold onto 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 retraces, sell according to the previous method.
6. Selling is the opposite; when the coin price is high, if it falls below the 5-day line, sell 30% first. If it doesn't continue to drop, hold the remaining 60%. If the 5-day, 15-day, and 30-day lines all fall below, sell everything; don't hold onto hope.
This 'foolproof' trading method, although simple, requires strong execution. After you buy in, the buying and selling system is formed. Only by strictly following trading discipline can you earn profits.
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