There is a dumbest way to trade cryptocurrencies, which allows you to keep "earning forever". At the end of last year, I played with 200,000 yuan, and now I have 20 million yuan, which is a hundred times profit. The experience is summarized below for your reference and learning!
It turns out that it is so simple to make money by trading, just these three steps!
Master it, and easily make your account 10 times!
Step 1: Look at the trend first
Step 2: Find the key position
Step 3: Find the entry signal
Enter the market, make a profit, close the position, and leave. Isn't it very simple?
Let's talk about it in more detail below
Step 1: Look at the trend first. The state of a market, the big market is nothing more than three results: rising, sideways, and falling. What is a big market? Look at a periodic chart of more than 4 hours, such as 4 hours, daily, and weekly (my personal habit is to look at 4 hours). Go long when the market is rising, go short when the market is falling, and do not trade when the market is sideways.
Step 2: Find the key position. Whether the market is rising or falling, it will jump from bottom to top or from top to bottom like a bouncing ball. What we need to do is to enter the market at the starting point and leave the market at the next landing point. How to find the precise step becomes the key.#Bitcoinis what we call the key position (main support and pressure position).
Step 3: Find the signal. Generally, if you find the market in the big cycle, you need to find the trading signal to enter the market in the small cycle. #Ethereum. Everyone is good at different tactics. It is enough to be proficient in one or two.
What is more important is to quickly formulate a trading strategy. A complete trading strategy includes
(1) Target - what to trade; (2) Position - how much position to hold;
(3) Direction - long or short; (4) Entry point - at what point to trade;
(5) Stop loss ——When to exit a losing trade;
(6) Stop profit——When to exit a profitable trade;
(7) Countermeasures——How to deal with emergencies;
(8) Backhand——Operations after the trade ends.
