I've been trading stocks for 9 years now. In the first 3 years, I entered the market with 1 million capital, losing down to 120,000. Relatives and friends all advised me to give up, thinking my method of trading coins was the most foolish, neglecting family and lacking ambition, etc.!
I've been insulted by the harshest words! I almost gave up at that time, looked down on myself!
But I am not reconciled. I swore to my husband to give myself one last chance with the remaining 120,000! Then I continued to calm down and explore; later, with the remaining 120,000 capital, I earned over 27.5 million in 3 years!
Don't boast! Once you truly summarize a set of methods that belong to you and strictly follow them, you will definitely be able to turn things around!
Intraday trading skills and points of attention
1. Market sentiment and emotion can be analyzed from the changes in trading volume and open interest.
A large volume without a drop might indicate a stop in the decline; a large volume with no rise might suggest that the short-term increase could be nearing its end.
The volume requirements during the rise and fall are different.
During the rise: continuous and even volume is needed. An even volume in the 3-minute K-line chart indicates that the upward trend will continue. If there is a significant drop in volume, it may signal a reversal.
Or when a very large volume appears, the rise may come to an end.
During the decline: as long as the volume increases when breaking below certain key positions, the downtrend will continue.
When the price stops rising at a certain level while the positions are continuously increasing, and the buy and sell orders are getting lower, it indicates that the price may drop.
Increasing positions without price increase is a very good short-selling opportunity, or increasing positions during a downturn is likely to rebound.
2. Key points: Draw the pressure, support, trend lines, etc., in the chart, and take swift action when the price reaches or breaks through these key points.
I personally use Fibonacci retracement to predict resistance and support.
3. Trading rules: Only one variety can be operated within a specific time period.
Track the varieties being operated continuously until they no longer have speculative value before giving up.
4. Look at the market window: 1-minute window -- this is prepared for grasping entry and exit timing;
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.
I want to remind everyone here: opportunities for operation are abundant, but if you get stopped out, don't rush to recover immediately.
If you get stopped out, that order is completed; the next order is a new one, and how much you earn is how much you earn. Don't set the next operation's target based on previous operations, as that will lead to losses every time.
Finally, I share this trick, with a win rate of up to 99%, suitable for everyone.
The method I share today is actually very simple. Even if you are a novice in the circle, as long as you strictly follow this method to operate, you can easily make money.
First, we need to set the moving averages on the K-line chart to three lines, which are the 5-day moving average, the 15-day moving average, and the 30-day moving average. The 30-day moving average is the lifeline, a strong support or resistance. Then, we can trade based on these three moving averages.
1. The choice must be in an upward trend; of course, those in consolidation are also acceptable, but those in a downward trend or with moving averages opening downwards should be avoided.
If the mouths are all pointing down, they should definitely not be selected.
2. Divide the funds into three equal parts. When the price breaks above the 5-day moving average, lightly buy in with 30%. When the coin price breaks above the 15-day moving average, then continue.
Buy 30%, similarly, if breaking above the 30-day moving average, buy the final 30%; this requirement must be strictly enforced.
3. If the coin price does not continue to break above the 15-day moving average after breaking above the 5-day moving average and instead shows a pullback, as long as the pullback 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 does not continue to rise, hold if it bounces back without breaking the 15-day line; if it breaks, sell 30% first, and if it doesn't break the 5-day moving average, hold 30% of the position.
5. When the coin price continues to rise and breaks the 30-day moving average, sell once according to the previous method when it pulls back.
6. Selling is the opposite; when the coin price is high and breaks below the 5-day line, first sell 30%, and if it doesn't continue to fall, hold the remaining 60%. If all 5-day, 15-day, and 30-day lines are broken, sell everything; don't hold on to hope.
This 'foolproof' trading method, although simple, is most importantly about execution. Once you buy in, the trading system is formed, and only by strictly following trading discipline can you earn profits.
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