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Position Management Method for Cryptocurrency Beginners
Position Management Method for Cryptocurrency Beginners ⭐If you are a gambling addict, love high-stakes games, enjoy ups and downs, seek thrills, and prefer short-term excitement, you probably won't consider position management; ⭐If you are burdened with debt and being chased by online loans every day, you probably don't have the patience to learn position management; all you desire is the faith and fantasy of getting rich quickly. ⭐If you are an old investor who has genuinely lost money, been hurt by the market, and experienced the pain of liquidation multiple times, you probably already have your own awareness and experience of position management. ⭐Most people who die in this market do not fail because of strategy or poor technology, but because of mistakes in position management, either from over-leveraging or increasing their positions recklessly.
$ETH Ultimate sideways market, brewing a big trend. Sleep well, rain or shine, waiting with empty hands!\n\nLooking around, most guess a big downturn, and I, Sister Mingdeng, have also gone short. A few trend traders insist on being bullish, and I personally like to be in the minority. However, at this critical moment, waiting with an empty position for direction is undoubtedly the most comfortable. No breakthrough above, no breakdown below; now guessing direction, besides the power of faith, is the so-called 'Eight Character Opening Method'\n\n😀 My personal guess for direction:\n\nInterestingly, 80% of upward trends are nurtured during periods of dwindling trading volume and low market sentiment. A profit-seeking market does not like dead fish; they are not fresh or nutritious. Just like when you harvest chives, you are too lazy to pick up the wilted ones on the ground. Even if you want to cut them, you have to pull them up first. What attracts more retail investors into the market is always the passion of rising, not the gloom of falling. True opportunities often arise when they are not optimistic, and even a fake breakout is still a kind of rise.\n\nYuan Fang, what do you think?\n\n#加密市场观察
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👊 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.
$HYPE Yesterday's live broadcast mentioned the opportunity to short around 23.75, it hit perfectly. If you entered, take profit on half of your position at the current price, and move the stop loss to 23 for the remaining half. The target can be looked at around 21.3.
👍 To add a cryptocurrency, if you can't see my drawings, it may be because you've added a spot trading pair, as shown in the picture. You need to add those ending with .P, which indicates a contract trading pair. Just select Swap above, and the automatically filtered ones are all contract trading pairs.
👊 No Autumn's TradingView Real-time Drawings
https://cn.tradingview.com/chart/Utv3AJ3H/
If there are updates, please manually sync and import again to keep it synchronized. If you can't see the cryptocurrency after importing my drawings, it's because the right-side watchlist hasn't manually added the cryptocurrency. Once added, it will correspondingly be visible (requires the basic membership, which can be paid with Binance). Note to add contract trading pairs, not spot trading pairs.
👊 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.
Position Management Method for Cryptocurrency Beginners
Position Management Method for Cryptocurrency Beginners ⭐If you are a gambling addict, love high-stakes games, enjoy ups and downs, seek thrills, and prefer short-term excitement, you probably won't consider position management; ⭐If you are burdened with debt and being chased by online loans every day, you probably don't have the patience to learn position management; all you desire is the faith and fantasy of getting rich quickly. ⭐If you are an old investor who has genuinely lost money, been hurt by the market, and experienced the pain of liquidation multiple times, you probably already have your own awareness and experience of position management. ⭐Most people who die in this market do not fail because of strategy or poor technology, but because of mistakes in position management, either from over-leveraging or increasing their positions recklessly.
$XAU $XAG There are no gold items at home, but there should be some silver items, right? The current price of gold is too high to sell, but selling silver should be fine, right?
$CLANKER There is a chance this is a daily double bottom, lightly position for T and continue to observe. No stop loss yet as the position is not fully entered (if a strong stop loss is needed, it can be at 27)
$ETH There are many beliefs, empty reasons, the market fundamentals below, and the rhetorical battles of the river emperor above. In previous years, retail investors and small funds were active, and now there is a tug-of-war among institutions. The greatest certainty in the market is its uncertainty.
This potential bear flag may be the last belief of the market's major bears. 2022 was also this, what variables will this time bring? The bear flag is also a flag, and there is a possibility of it waving, after all, the market structure dominated by institutions has undergone essential changes compared to 2022, growing into a more mature financial product, the proportion of panic money is decreasing, and long-term chips are becoming more stable.
With the ever-changing situation, everything is to be observed, after all, being alive is the most important.
$RIVER This injection is for those who shorted and are now relieved, and for those who are going long on the support level of 29.3. They must have definitely saved the galaxy in their past lives. 😂
Here, depending on the situation, you might consider taking a short-term nibble. Later, if BlackRock sells, you might consider skipping 2964 and targeting around 2910 as the head position, just like yesterday's live operation.
#ETH trend analysis
无秋
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$ETH Today's entry suggestion as shown
First position: around 2964 (conservatively skip) Additional position: around 2910 (conservatively this is the first position) Second additional position: around 2873
Mainly refer to long positions, the same as yesterday's position, just the first entry position has moved up to around 2964, and the position 3 at 2873 currently seems difficult to reach again, but it can be prepared for. If the position is not fully entered, do not set a stop loss; if a strong stop loss is needed, it can be set below 2820.
Short position entry points are for reference only, with stop loss, currently mainly low long, short positions can wait for clearer right side signals.
🔥 Position allocation, for example, opening 10 ETH
Three position entry operation ratio: 2:3:5 Four position entry operation ratio: 1:2:3:4
$XNY 0.0054 Target position reached, no pattern needed for swing coins. Continue to look for explosive low market cap altcoins to ambush.
❤️ Three good habits for short-term positions: 🥘 When unsure about taking profits on a floating gain, directly take half profits and set the remaining to breakeven, you will never go wrong! 🥘 After a period of floating gain, habitually set a breakeven stop loss or a trailing stop loss; this is the bottom line, and you must not let it turn into a floating loss. 🥘 The target profit position is always just a pie in the sky; do not be too obsessed with taking profits at the target position.
First position: around 2964 (conservatively skip) Additional position: around 2910 (conservatively this is the first position) Second additional position: around 2873
Mainly refer to long positions, the same as yesterday's position, just the first entry position has moved up to around 2964, and the position 3 at 2873 currently seems difficult to reach again, but it can be prepared for. If the position is not fully entered, do not set a stop loss; if a strong stop loss is needed, it can be set below 2820.
Short position entry points are for reference only, with stop loss, currently mainly low long, short positions can wait for clearer right side signals.
🔥 Position allocation, for example, opening 10 ETH
Three position entry operation ratio: 2:3:5 Four position entry operation ratio: 1:2:3:4
$SOL Today's entry suggestion as shown in the picture
First Position: 128.88 (conservatives can skip this) First Average Down: 126.66 (for conservatives, this is the first position) Second Average Down: 123.33
If the position is not fully entered, there's no need to set a stop loss; if setting a stop loss, set it at 120
🔥 Position allocation, for example, opening 10 SOL