1. Study the overall market conditions. The overall market conditions are very important. In a bull market, pigs can fly, and in a bear market, monkeys cannot jump high. Only by seizing large fluctuations can you make big money. Bankers who manipulate the market and financiers who play tricks will only affect short-term news or data. This is also the key to short-term operators' inability to maintain long-term profits, but they cannot control the general trend of the overall market. . How to study the overall market conditions? First, look at the broader market and the weekly trend of BTC. (The monthly line is too long and cannot give you a clear judgment at the first time, because the time span is too large and will always bring you unnecessary risks in the middle. Daily The line changes are too flexible, and the K-line chart will often change due to certain news, crazy pin insertion, etc., which is also not conducive for us ordinary people to judge the general direction.) After reading the weekly trend of BTC, I initially confirmed the market direction (there are only two directions, up or down. Don’t presume to guess whether it will fall or rise at this position. There is no need to be wildly fanciful. You only need to see clearly whether the weekly trend of the market is rising or rising. (fall), after initially judging whether the overall market is rising or falling, start looking for individual currencies. If I previously confirmed from the weekly chart that the trend of the BTC market is rising, then at this time, no matter how good the short position opportunity is, I will not consider it. I will only look for long-order opportunities that are suitable for me to enter the market. By the same token, in a bear market where the market is falling, no matter how good a long opportunity I encounter, I will not take a second look, because the overall market conditions are not right, and the short-lived pump-and-dump behavior of these individual currencies cannot be sustained at all. How long will it take for it to be gradually assimilated by the general trend of the overall market conditions? 2. Mechanical method to find buying and selling points. The so-called mechanical method is to measure the buying and selling signals of the K-line through certain specific indicator parameters, rather than artificially watching to buy when you want to buy or sell when you want to sell. Even simple moving averages, macd, and Bollinger Bands can make money. There are prerequisites for making money, and this prerequisite is the overall conditions of the market. Even if some indicators are wrong when prompted, they will soon be corrected by the market. This is the benefit that the overall market conditions bring to you.For example, when the overall market conditions are rising, you only need to pay attention to when macd sends out a long signal at 1 hour or 4 hours, and I gradually build a position. At this time, all you need to do is buy and complete the initial position opening. Of course, I often judge that there is not much difference between the general trend (overall market conditions) and the signal price of the currency I want to buy. I basically buy with my eyes closed, because I know that this is the psychological price of the market, and I will most likely buy it. You won’t lose money, and I rarely use the hourly level to enter the market. It’s a waste of energy. If you enter the market better, you will earn two more points than me. Can you make a fortune relying on those two points? ? No, you can't. The opportunity for you to make a fortune depends on whether you study the general trend correctly, whether the position is placed correctly, and whether you wait patiently. The market that makes big money will not make you rich just because you rush in and out in the short term. 3. Calculate capital positions. This part is a relatively important issue, but for us ordinary people, there is no special need for precise decimal-digit fund management risk control like that of institutions. As an ordinary person's speculation, I think it is more reasonable to use 2%-5% of the total funds as the stop loss of a transaction. Because in the currency market, the fluctuation range is much greater than that of stock futures, this stop loss is completely sufficient. Because there are not many medium and long-term entry trading opportunities, and there are only a few times a year that are worth taking action, so no matter how good the bull market is, or how ugly the bear market is, there are so many opportunities in the market that there is no need to invest all the funds. , if you miss this round, you will have to wait for the next round. There is nothing new on Wall Street. I usually use 2% as the stop loss of a currency. When a bull market comes, the risk loss of my total position will be controlled at 30%-50%. I will gradually build up to 15-25 positions in different currencies, each The currency stop loss is 2% of the total capital. No matter the entry price is one or two points higher, I will always buy long or sell short according to the stop loss ratio of the total capital. 4. Wait for the trend to end and close the position. Trend speculation is popular in the market, and you can hear speculators everywhere who think they are operating on the trend. Most of them are people who are anxious to settle down after making a few points. This kind of person is a typical "Ye Gong loves dragons". He secretly covets the huge profits of trend speculation, but always jumps off the market when the market just starts.Medium and long-term trading requires long holding times, large stop-loss settings, and the need to participate in large-scale consolidation, all of which place higher demands on speculators' endurance. Many people long for the huge double profits brought by long-term speculation, but in practice it turns into short-term speculation. In the end, the account funds come and go and are returned to the market. At the same time, they beat their chests and blame themselves for buying too late or selling too late. Too early. In medium and long-term trading, they are often washed out in the first major correction, causing the entire trading plan to go to waste. I believe the most difficult point is how to deal with the first deep correction after establishing a position and how to adjust your mentality to face the huge fluctuations in price trends calmly. Especially when your profits retrace 50% or more during the correction, this is a great test for many people's patience. Many people know this is a big problem, but they don’t think about ways to solve it. The mentality of taking the long-term position that was supposed to be a long-term one but taking it first when there was a huge profit was prematurely ended, so that the market situation that could have been a big profit ended up making only a small profit. Inconsistency in trading concepts, inconsistency in short- and mid-term thinking, and multiple interferences with each other, which greatly affect one's opening and closing positions and stop loss and profit, resulting in transaction failure. Solution: Calculate the loss first. For example, in this bull market, can I bear a loss of 30% of the total capital? If I can bear it, then if I am skilled, I can set the stop loss of each order to the total amount. 3%, gradually look for currencies to open positions and buy 10 different currencies. This has two advantages for me. 1. I can spread the risk into 10 currencies with different sector types but the same general trend. . If I am not skilled enough and don’t have that much energy to take care of it, then I can reduce the number of open currencies to 5, and set the stop loss of each order at 6% of the principal. By analogy, this bull market can be All positions are constructed reasonably and are within the risk range that you can bear and control. As for how much money you can make in this round, the profits will always take care of themselves. You can't control the development of the market, but how much you will lose. Risks need to be determined by yourself. 2. In the trend market, currencies in certain sectors will always be one step ahead or one step behind. There is a speed at the start. You cannot know which currencies will rise faster or fall faster, so In the overall market environment of major trends, diversification has certain benefits.(One point to be emphasized here is that when opening a position, do not force the entry to go long or short, just look for the one that suits you. For example, this currency is suitable for my macd entry method, or it is suitable for my moving average trading system. I only attack when the time comes, otherwise I move immediately and look for the next currency. There are thousands of market opportunities, and there are always dozens that meet your standards.) This is what needs to be done after studying the overall market conditions. Opening plan. 5. Make reasonable use of time periods to "be lazy". In the market, it is not how diligent you are in opening and closing positions that will determine how much money you make. On the contrary, it is different from our daily work. The more you do, the more likely you are to make mistakes. First of all, I understand my trading situation. I look at the general trend at the weekly level, which shows that after I open a position, I may hold it for 2 months or even longer (until the trend on the weekly chart ends) , this will give me enough time to enter the market, and at the same time, it will challenge my endurance to a certain extent. If I judge that the weekly trend is upward, then when I open a position, I only need to look for low points on the 4-hour chart, and I will only pay attention to the daily trend every day, because the market is changing every day. I will pay close attention to see if there are any special situations or red flags that day. If not, then I will be very relaxed and comfortable throughout the day. I don’t have to be immersed in the market every moment. I can leave and feel at ease. I only need to look at the market once a day to pay attention to any red flags. Because I know that the real big trend takes time to develop its own market and will not be suddenly changed in a day or a week. If the market reaches my stop loss position after I open a position, it proves that the overall market conditions are not rising at all, and my judgment was wrong. Because if the overall market conditions are upward, then it will not penetrate my stop loss (the bottom or top of the market), and the general trend of the world is vast. 6. It is very important to follow the market instead of following personal feelings about the market. Opportunities are more important than floating losses after entering the market. When the market starts to develop, you will find that short-term floating losses are not worth mentioning at all.After the market adjustment, it will quickly follow the trend. You think it will pull back at a certain point. Sorry, it will probably never pull back to your satisfactory entry position. Therefore, opportunities are more precious than short-term entry and floating losses. When the bull market comes, At that moment, you have to make sure that you are in the car chasing the victory. In short, you cannot lose the opportunity. 7. Ignore all fluctuations within the 12-hour period. Only when I can ensure that I gradually accumulate wealth in my transactions will I know how to really make money. I often think about how to make money in trading. In the end, I removed all the complicated charts, bloated technical indicators, and confusing mentality, and simplified everything. Only then did I realize that trading is simpler than playing a game, and you don’t need to A battle of wits and courage with others. I only need to know the overall conditions of the market and what the general trend of the market is, and then calculate my risk plan, and then I can start trading and hold positions until the market stops rising. Then when the general trend turns downward, I will end my position. position order. One thing I need to do every day is to pay attention to the market to see if there are any dangerous short signals. Other than that, I ignore all small cycle fluctuations. I became incredibly simple and relaxed.