At the end of last year, I played with 200,000, and now it's 20 million
Making money through trading is actually this simple, just follow these three steps! Master them, and easily multiply your account by 10 times!
Step 1: First look at the trend
Step 2: Then find the key levels
Step 3: Look for entry signals
Enter the market, profit, close the position +, and leave
Isn't it simple?
Let's explain it in more detail
Step 1: First look at the trend
The state of a market can result in three outcomes: uptrend, sideways, or downtrend
What is a major trend? Look at charts with a cycle of 4 hours or more,
for example, 4 hours, daily, weekly (my personal habit is to look at 4 hours)
Buy when the trend is up, sell when the trend is down, do not trade in a sideways market
Step 2: Find the key levels
Regardless of whether the market is rising or falling, it will jump like a bouncing ball, moving step by step from bottom to top or top to bottom
What we need to do is enter the market at the point of its jump and exit at the next landing point, finding precise steps becomes the key Bitcoin
This is what we call key levels (main support and resistance levels)
Step 3: Look for signals
Generally, if you find a trend in a larger timeframe, you need to look for trading signals in a smaller timeframe to enter the market #Ethereum+
Everyone has different trading strategies; mastering one or two is enough #Crypto
More importantly, quickly formulate a trading strategy
A complete trading strategy includes
(1) Asset -- what to trade;
(2) Position -- how much to hold;
(3) Direction -- long or short;
(4) Entry point -- at what price to trade;
(5) Stop loss -- when to exit losing trades;
(6) Take profit -- when to exit profitable trades;
(7) Response -- how to deal with emergencies;
(8) Follow-up actions after the trade is closed.
The initial phase of the investment market is diligence and skill, the middle phase is wisdom and mindset, and the high phase is humanity and morality. Understanding to clear away distractions, with a calm mind, overcoming all human weaknesses is the key to obtaining a ticket to profit
There is now an insider coin that can be quietly built up, a 50% increase is no problem. Friends interested in spot trading but lacking direction can like and comment for free sharing.
