Every time you stop loss, think of it as paying a bit of tuition to the market; the key is not to pay too much.
In the market, everyone makes mistakes; stop loss is about acknowledging the error, withdrawing quickly, and managing the risk.
Stop loss is a small pain; dragging on without stopping loss can lead to big troubles. Smart traders understand that stop loss is about protecting themselves, not admitting defeat.
Want to quickly seize potential tokens to make money in the crypto space? Come for cash trading practical strategies, especially suitable for those who like short-term trading and want to make money quickly. Follow the steps below to greatly increase the chances of catching tokens that surge and reduce risks to a minimum.
Step 1: Choose Good Tokens
Open Binance and head straight to the market.
Divide the funds into four parts for better management.
Look at the 1-hour trend and find currency pairs with significant increases.
Then check the 5-minute chart for stable tokens; avoid the erratic ones, focus on those steadily rising by 4-6%. These tokens have great potential and are good entry points.
Step 2: Smart Investment
Once you have chosen good tokens, first invest one part to test the waters.
If it drops by 1.5%, don’t rush; invest another part.
If it drops another 1.5%, continue investing, step by step, lowering costs, and avoiding major losses.
When the token price returns to the average buying price, withdraw quickly to protect your capital.
Still rising? Set a target 4-6% above the average buying price, and take profits when you can.
Key point:
Self-discipline! Don’t let emotions control you, and don’t follow the crowd.
Watch the trading volume and momentum; they can tell you if the token still has strength to rise.
Patience! Wait for the price to rebound or reach the target; don’t rush to act.
Expected Outcome:
This strategy results in more gains and fewer losses. Out of ten trades, six to eight will gain, and two to four will break even or incur small losses. Follow the rules, don’t act impulsively, and you'll get better and better at it.
Don’t be blinded by short-term fluctuations; let Qijie guide you and reveal a potential coin expected to multiply tenfold! Follow Qijie to navigate out of confusion and move towards financial freedom!
