I. Trading strategy
1. Intraday short-term orders
Order thinking: Mainly do short-term orders within the daily line level, 4H/1H trend orders.
Conditions met: Enter when BTC/ETH is in an upward trend at the daily line level.
4H/1H depends on the size of the risk-reward ratio; when not in an upward trend, reduce the position by half!
2. Needle catching orders
Order thinking: Place planned orders around major support/resistance points to go long or short.
Conditions met:
Example:
Long: Strong support above BTC 90500 / ETH 3060 can be arranged for a wave of left-side needle catching orders
Short: ETH 4098 such strong resistance can be tried, but generally not recommended.
Control position at 50%, cannot be fully invested
3. Long trend orders
Order thinking: Only do daily line level orders for BTC/ETH (both long/short are fine)
Conditions met:
1. Daily line level double connection pattern appears
2. Enter when BTC and ETH are in resonance (same direction trend)
3. Use the three-gun strategy, full position
4. Maintain a risk-reward ratio, at least 3:1
II. Position management
1. Daily stop loss controlled at 10% (bull market), 5% in bear market, if reached cannot trade (iron law)
2. If there are consecutive two days of 10% stop loss, then rest for 3 days, no trades! If you can't control your hands, start a cooling-off period
3. Today's operations are two trades, each with a 5% stop loss allocation
4. The first trade of the day, after floating profit, set a break-even stop loss strategy.
BTC (500), ETH (20), Altcoin (2 points). After the first point breaks even, subsequent orders will no longer be arranged,
Use 5-minute trailing stops to lock in profits
5. If the previous order was stopped out, and the following order's floating profit reaches the previous order, immediately take profit
III. Lessons/Lessons learned
1. Not following any of the above rules will lead to serious losses, especially in position management
2. No more night orders, no weekend orders! Except for pending orders
3. Do not try any new strategies, slow is fast!
IV. Daily review
-------------------25.1.14 Review-------------
Initial capital: 1000U
Challenge target: 1WU
Today's operations:
1. Enter long at BTC 948, highest 953, finally break-even loss at 948!
The highest point tonight has reached 97300, unfortunately, due to excessive grinding around 95K, got shaken out,
However, we are doing daily short-term orders, bringing break-even losses is also very normal!
2. Enter long at ETH 3161, 30% position, 3170 stop profit
Profit: 15U
3. Enter long at sol186, stop profit at 189, 50% position (2 points)
Profit: 35U
Today's performance: profit 5%
Capital: 1000+50=1050U
Review:
Today found that orders are easily subjected to trailing stop losses (locking profits), thereby missing the market
Tomorrow try to adjust the strategy from a single break-even stop loss to two break-even stop losses!
……………………………25.1.15 Review……………
Ten times plan day two
Today's performance:
Sol stop loss lost 10U
Xrp gained 3 trades totaling 120U
Total: profit 110U
Funds: 1050+110=1160U
Summary: These two days have been revolving around XRP for swings
Until it turns bad, consider changing the currency
………………………25.1.17 Review………………………
Ten times plan day four
Today's performance:
Xrp lost 40U. Xrp gained 15U
Total: loss 25U
Funds: 1160-25=1135U
Return rate: 22%
Summary: Today made two exploratory trades at the 5-minute level
A bit too much, in the future can only test one order at most
Waiting for the market to unfold is the optimal solution!
……………………25.1.20 Review summary…………
Challenge return rate 1000%
Current return rate: 17%
Challenge period: 25.1.13-25.12.31
Current day: Day 7
Summary:
Haven't had time to update review operations in the past few days, overall just small trades, not much profit.
Waiting for the market to explode! Trump's speech at 1 AM tonight, still betting on the probability of a positive outcome!
Starting today, update review operations.
Current funds: 1000+170=1170U
………………25.1.21 Review summary…………
Challenge return rate 1000%
Current return rate: 12%
Challenge period: 25.1.13-25.12.31
Current day: Day 8
Review:
1. Make good switches between hot currencies and long-term promising currencies, rather than blindly trading promising currencies.
For example: We are extremely optimistic about this wave of XRP, but after a few days of rally, funds have already flowed to
SOL ecosystem, BTC, I haven't switched my operations in the last two days, still focusing on XRP,
Therefore, I get the gains, but get hit, so this point needs optimization in future operations!
2. Guessing bottoms must control the risk-reward ratio well, at most two trades, not exceeding 5%. Otherwise, better to miss the market than to trade.
At the same time, due to recent large spike behaviors, plan to temporarily adjust the daily stop loss to 10%
3. Must do well to minimize losses and maximize profits, with a risk-reward ratio! Otherwise, no trades!
The last few days have been a bit of FOMO, not strictly followed
Today's performance:
1. Long at BTC 102500, stop loss at 101500, lost 30 dollars
2. Long ETH at 3258, stop loss at 3200 (stop loss 66 dollars)
If ETH is stopped out, consider resting today. If there is extreme spike behavior (BTC goes to 98 position), then consider increasing funds by 5%
Current funds: 1170-40=1130U