Trading skills summarized in the cryptocurrency circle over the years
1. Avoid full warehouse
First, from the perspective of risk, understand the allocation of funds. First, we must clarify the losses that we can or are prepared to bear in our accounts. This is the basis for our thinking about fund allocation. After this total amount is determined, we will consider this total amount. If we fail in the market continuously, we should at least lose to the market several times before we can be willing to admit our bad luck and admit failure. The most risky method should also be divided into three times. You should give yourself at least three chances.
For example, the total amount of account funds is 200,000, and the maximum loss you are allowed to lose is 20%, that is, 40,000.
Then I suggest that your most risky loss plan is:
10,000 for the first time, 10,000 for the second time, and 20,000 for the third time. I think this loss plan is still reasonable. Because if you do it right once in three times, you can make a profit or continue to survive in the market.
Not being kicked out of the market is a success in itself and there is a chance to win.
2. Grasp the overall market trend:
Trends are much more difficult to do than shocks, because the trend is to chase ups and downs, and you must have the determination to hold positions, and high selling and low buying are very in line with human nature.
The more trading conforms to human nature, the less money you can make. It is because it is difficult that you can make money.
In an upward trend, any violent pullback should be chosen to go long. Remember the probability I mentioned? So, if you are not in the car, or you get off the car, wait patiently. If there is a drop of 10~20%, go long boldly. 3. Specify stop-profit and stop-loss targets:
Stop-profit and stop-loss can be said to be the key to determining whether you can make a profit. In several transactions, we must make the total profit greater than the total loss.
Do the following:
① Each stop loss ≤ 5% of the total funds;
② Each profit > 5% of the total funds;
③ The total transaction win rate > 50% meets the requirements (profit-loss ratio greater than 1 and win rate greater than 50%), and you can achieve profit.
The last point is also the most important one. You should know that I have started taking orders now. Welcome to follow me. I have made 150000u with stable income and stable control of retracement. Click on the avatar to see my transactions and click to follow me. I will keep the real order open until I make 100wu. I will never delete the past transaction records. Welcome to follow me. Every penny of your money is hard-earned. I will not use your money to gamble and make high profits.