Newcomers to the cryptocurrency world shouldn't rush blindly! Especially for short-term trading, if you don't change this habit of opening positions, you will only incur deeper losses.
Many people get anxious and place orders as soon as they open the market, fearing they will miss out on the market momentum, which is absolutely a big mistake!
I was also like this when I first entered the market, anxiously watching the fluctuations on the K-line, with my mind filled with "missing out means losing money," completely unaware of the significance of waiting. Even if I forced myself to wait, I had no idea what price point to wait for.
Today, taking short-term cryptocurrency trading as an example, I will tell you what to wait for and how to find precise opening points.
The core of short-term trading focuses on three points:
First, closely monitor the 1M, 5M, and 15M short-cycle charts that align with market volatility;
Second, simplify your tools and focus on 1-3 core indicators, such as K-line patterns, EMA moving averages, and trading volume; having too many tools can create confusion;
Third, act quickly, with profit targets of $3-8, and strictly control losses at $1-3, while prioritizing monitoring during high volatility periods like the London market opening.
Pitfall avoidance must-read: Do not open positions in the first 5 minutes before Non-Farm Payroll or CPI data releases, as there may be risks of widening spreads and slippage;
Immediately stop losses if losses exceed $2, and do not let short-term trades turn into medium-term locked positions;
Do not go against the overall trend; use the 1H EMA to determine direction—if it's bullish, only go long;
Limit daily trades to ≤5, and spend 80% of the time observing without positions.
Lastly, a reminder: the win rate for short-term trading is generally 55%-65%, and the key to profit lies in a win-loss ratio of ≥1.5:1.
It is recommended to first backtest strategies using a demo account, and only trade live once stabilized.
Short-term cryptocurrency trading is like dancing on the edge of a knife; trading discipline is your protective gear.
I, A Er, have always been engaged in live trading and do not deal with fake accounts.
Currently, the team still has open positions; if you want to fully understand contract trading logic and break free from the cycle of losses, let's band together for practical operations to earn guaranteed profits! @阿二说币
