👊 If you're not a complete novice, then the opinions and strategies of anyone, any KOL can only be regarded as evidence for your own views, not as guidance. Following a strategy is due to (personal judgment + obtaining evidence) for double confirmation, even if you incur losses, you will be clear, unresentful, and unrepentant. If you don't have your own viewpoint, then strive to improve your trading knowledge, beginner-friendly books; the first book you can read is about naked candlestick trading (which you can find in my book recommendations on November 12).
👊 If you are not a one-time all-in type of player, but rather practice scientific position management and entry through multiple positions, then before your positions are fully deployed, you should not feel any panic emotionally. What you need to consider is not where to stop loss, but to calculate where your average price will be if you deploy all positions as planned; once you calculate the average price, set the stop loss below the support level that crosses below the average price.
👊 After a cryptocurrency reaches a historical high or low (especially for new coins), technical analysis using candlesticks basically loses its reference significance, especially for strong control. When exploring for shorts or bottoms, you must prepare for a psychological expectation of losing 90% of the time.
👊 Three good habits for short-term holding:
When floating profit makes you unsure whether to exit, directly take half of the profit and leave the rest at breakeven; after floating profit for a while, habitually set a breakeven stop loss or move the stop loss, this is the bottom line, do not allow it to become a floating loss; the target position for profit-taking is always just a dream, do not be overly attached to taking profit at the target position.
👊 Suggested position management ratios for multiple entries:
Second position entry ratio: 3:7
Third position entry ratio: 2:3:5
Fourth position entry ratio: 1:2:3:4
👊 Add positions only at support or resistance levels; reduce positions at any time when in floating profit.
👊 90% of traders operate in 95% of the market's garbage time. During the 5% of the market's effective trading time, only 10% of people still have operational space; learn to scratch the itch with small positions, and learn to control your hands, which is harder than quitting smoking.
👊 Wealth does not enter through urgent doors; urgent money cannot be kept warm. Unfortunately, the crypto market is no longer a treasure land for those with a mindset of getting rich quickly.
👊 Trend traders and short-term traders are two different species; do not attempt to understand and doubt each other's operational logic, there is no hierarchy of disdain, nor is there a distinction of superiority. Whatever your self-positioning is in trading habits, correspondingly do what kind of operations, and achieve unity of knowledge and action.