Short-term trading practical experience sharing

        
Whether it's stock trading, securities trading, or the Digital Currency Trading we're doing now, more than 90% of retail investors have a common problem, that is, they hold on when they lose, and as soon as they turn a loss into a profit, they sell immediately, without looking at the trend, market situation, or trading volume, only looking at the profit and loss of the account. They can't withstand continuous falls. When they lose, they always think of selling quickly to break even once there is a Rebound. However, real experts should Reverse their operations. When it falls, they should catch the bottom in batches, buy a little in a small fall, buy a lot in a big dump, sell a little in a small rise, and sell a lot in a big rise!
My take profit stop loss + principle is to profit 15%, if the profit falls by 10%, take profit, continue to rise, continue to hold, let the profit run. If the purchase falls after 5%, stop loss if the loss exceeds the principal 5%. If you can guarantee a take profit of 10% and a stop loss of 5% each time, then even if your winning rate is only 50%, your return will reach 300% after 100 operations. Is it difficult? What's difficult is human greed and fear. Remember that the trend is king and follow the trend.
Once the trend is formed, there is no need for much analysis, you must follow along with the funds, don't guess or predict, don't assume. If you can't judge the trend, then look at the moving average. The so-called moving average divides the market into longs and shorts, longs are upward, and shorts are downward. For short-term trends, look at the daily moving average. If there is a volume breakthrough, then follow along. For medium to long-term trends, look at the weekly moving average. If there is a volume breakthrough, then enter. If it breaks, then exit. Going with the trend means not to go against the trend. If the market is not good, then short positions on coins should be resolutely taken. If the trend of the coin is downward, don't easily buy the dip, don't fantasize that you can buy a coin that will reverse market pump, and don't fantasize that you will start a rebound after buying. The probability of this situation is too low. The core of Cryptocurrency Trading is to only do events with high probability and give up events with low probability. The ability to admit mistakes and control losses in a timely manner is the foundation for survival in the market, and its importance is far greater than not being able to profit today. Whatever method you use, as long as you master one, it is enough. You must use this method precisely, decisively, and thoroughly.
When doing short-term trading, be sure to look at the 15-minute, 30-minute, and 1-hour Candlestick Charts. The KDJ indicator can help identify entry and exit points for the day, while the OBV indicator can provide insights into the intentions of market makers. The fundamental difference between a Whipsaw and a dump lies in the volume contraction and expansion. For coins that are in a strong uptrend, if there is a risk advisory, short-term traders can understand it as 'just a temporary contraction, there is still the possibility of new highs'.
The above is the experience I have summarized from years of trading, and I hope it will be helpful to everyone!
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