Newbies just entering the cryptocurrency world should take a pause! First, listen to what Sister Li has to say—these heartfelt words are a must-read to avoid pitfalls!!!
For all friends who are new to the market or have little trading experience, the following opening position habit is something you must avoid; otherwise, it will be hard to break out of a cycle of losses.
Many people, as soon as they open the trading platform or their computer or phone, can’t help but want to place an order immediately—this is a big mistake!
Because I was like this at first too, seeing the K-line fluctuate endlessly, and fearing to miss out on the market without placing an order;
But when I finally placed an order, I didn’t know what I was waiting for or what to wait for.
So today, I will use a short-term trading case to clearly tell you: what exactly you should wait for, and how to find the right opening position.
Key points for short-term trading:
1️⃣ Keep up with market rhythm: Short-term trading relies on instant fluctuations, focusing on 1-minute, 5-minute, and 15-minute charts.
2️⃣ Simplify your toolkit: Focus on 1-3 core indicators (such as K-line patterns, moving averages, and trading volume).
3️⃣ Quick battles and quick resolutions: Profit targets of $3 to $8, strict stop loss of $1 to $3.
4️⃣ Choose high volatility periods: Pay special attention to the London opening time.
Short-term pitfall avoidance guide:
1️⃣ Avoid the 5 minutes before data releases: Non-farm payrolls, CPI, and other data can lead to widened spreads and severe slippage.
2️⃣ Refuse to “hold on stubbornly”: Cut losses immediately if they exceed $2; short-term trading cannot be dragged into medium-term trading.
3️⃣ Don’t go against the trend: Even when doing short-term trading, you should look at the 1-hour trend (for example, if EMA is upward, only consider going long).
4️⃣ Avoid over-trading: No more than 5 trades in a single day, and over 80% of the time should be spent watching the market without holding positions.
Final important reminder:
The success rate for short-term trading is usually between 55%-65%, and the key to real profit is a profit-loss ratio > 1.5:1 (for example, earning $5 and losing $3).
It is recommended to first test strategies with a demo account, and only move to real trading once stable.
Short-term trading in gold is like dancing on the edge of a knife; discipline is your only protective gear.
Sister Li only talks about real trading and doesn't make empty promises.
Our trading team still has spots available; for those who want to learn the methods and turn things around—get on board, let’s do this together!
