The rules of survival in the currency circle are very useful.
If the price falls sharply in the morning, you can increase your position, and if the price rises sharply in the morning, you should reduce your position.
If the price rises sharply in the afternoon, only reduce your position; if the price drops sharply in the afternoon, buy the next day.
Don't sell the currency if it falls in the morning, add T+0 on dips.
In the afternoon, do not chase the increase in price, but reduce your position on T+1 when the price rises.
Pull it up to see ten o'clock in the morning, pull it up to see two o'clock in the afternoon, and sell at the highest point. If the currency is strong, it will be sealed at ten o'clock. If the currency is not strong, it will be sealed at two o'clock. It is no luck to control the position. Rolling operation is the best strategy.
Don't go short in a bull market and don't go long in a bear market.
Don't chase the decline in the bull market, and don't chase the rise in the bear market.
Prepare before entering the venue
It is better to make less progress than to make too much progress.
The lows are trading sideways to a new low, which is a good time to buy heavy positions.
Throw it high, dive in
Try not to trade sideways
Always trading sideways means to use sideways to replace the decline. You must hold your currency firmly, as it may rise at any time.
When prices are rising rapidly, you must always be prepared to sell, as prices may plummet at any time. When it slowly declines, it’s time to cover your position bit by bit.
Consolidate high and low, wait a moment.
It trades sideways at a high level and then surges higher. Seize the opportunity and sell quickly;
The low level is trading sideways and it is at a new low. It is a good time to buy the whole position.
Hold on to cover positions and seek to protect capital
Extravagantly seeking profit is greed.
Calm water, one wave is high, be careful behind, there is a big wave
After a sharp rise, there must be a correction. The K-line is multi-day, drawing a triangle.
Uptrend, look for support
Downtrend, look for resistance.
Operating with a full position is a taboo
It is not advisable to have your own way
Impermanence changes, you must know how to stop it
Easy to get in and out, watching the aircraft
What matters in currency speculation is mentality
Greed and fear are great harms
Be cautious when chasing ups and downs.
