The market, regardless of conditions, can be profitable.
The goal of 'always making a profit' is unrealistic, as the market is always volatile and no strategy guarantees 100% success. However, you can increase your chances of success by applying the following factors:
1. Capital Management (Risk Management)
• Only use money you can afford to lose: Never risk your entire capital. Use 1-2% of total capital for each trade.
• Set Stop Loss: Always set a Stop Loss to limit losses.
• Risk/Reward ratio: Only enter trades when the expected profit ratio is at least 2 times the risk.
2. Thorough market analysis
• Technical Analysis: Use tools like RSI, MACD, Fibonacci, Bollinger Bands to determine trends.
• Fundamental Analysis: Follow news and events related to cryptocurrency to predict price movements.
• Understand market behavior: Identify important support and resistance areas.
3. Trading discipline
• Stick to the plan: Don't trade based on emotions or chase losing trades.
• Avoid overtrading: Only trade when there are clear signals.
• Keep a trading journal: To learn from previous decisions.
4. Use reasonable leverage
• Futures provide high leverage, but be careful. Only use low leverage (2x-5x) to reduce the risk of account burnout.
5. Control emotions
• Don't be greedy: Know when to take profits.
• Don't panic: The market may correct, so be patient and calm.
6. Tools and supporting strategies
• Hedging strategy: Use opposite orders to minimize risk.
• Monitor Volume: Know when the market has strong momentum.
• Use AI or trading bots: If you have programming skills, create automated bots based on personal strategies.
7. Continuous learning
• The cryptocurrency market changes rapidly. Learn from successful traders, join reputable communities, and update your knowledge regularly.
……
Patience and discipline are the keys to long-term success.
