🌹Turning a 20x monthly profit in the crypto world is not a dream! Three major disciplines will help you soar all the way, definitely beneficial for fam's trading 📈 Lecture 23 on Chan's theory diagram 👇

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‼️1. Capital management discipline: Staying alive gives you opportunities.
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🎉a. Strict Stop Loss: In every trade, the maximum loss must not exceed 1.5% of the total funds. Once this stop loss line is touched, trading must be decisively halted to prevent further losses.
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🎉b. Gradual Position Building: When encountering important opportunities, enter the market in 4 batches, with a 10% interval between each entry. This can effectively spread the risk while seizing opportunities during market fluctuations.
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🎉c. Establish a risk fund: Set aside a portion of funds as "risk capital"; even if this portion is completely lost, it will not affect daily life.
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🎉d. Eliminate borrowing and living funds: Absolutely do not borrow funds to participate in trading, and do not invest essential living funds; otherwise, once you incur losses, you will fall into a huge predicament.
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‼️2. Timing Rules for Entry: Only earn the most certain money. The choice of entry timing directly determines the success or failure of the trade.
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🎉a. Right-side trading: Adhere to the "right-side trading" strategy, which means taking action only after the trend is confirmed. Although this may result in missing out on the gains from the "fish head" part, it effectively avoids the risks associated with blind entries and also helps to avoid the uncertainty of the "fish tail."
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🎉b. Swing Trading: Grasp the key points of swing trading. When the 5-day moving average crosses above the 20-day moving average, this is a clear buy signal. Entering the market at this time often allows you to catch a wave of upward momentum.
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🎉 c. News Trading: Take positions before major events occur and layout in advance. However, be cautious; after the news is released, you must exit quickly, as the market often experiences significant volatility after the news hits.
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🎉d, Multi-Indicator Confirmation: My entry discipline is that there must be 3 indicators confirming simultaneously before entering. This can greatly improve the accuracy of the entry and reduce risk.
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‼️3. Exit Strategy: Only those who can sell are masters. The key to profit lies not only in buying but also in when to sell.
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🎉a. Dynamic Take Profit: Set a dynamic take profit point. Once the profit retracement reaches 10%, exit immediately. Protecting existing profits is key to long-term survival in the crypto world.
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🎉b. Partial Take Profit: Use the "5 - 3 - 2" partial take profit method. When profits reach 50%, sell 50% of your position; when profits reach 30%, sell another 30%; finally, when profits reach 20%, sell the remaining 20%. This way, you can lock in some profits while also gaining additional returns if the market continues to rise.
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🎉c, Trend Reversal Liquidation: Once a major trend reversal signal appears, immediately liquidate your position and do not harbor any delusions. The market changes rapidly, and timely exit is essential to protect your capital.
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🎉d. Goals and Patterns: My exit criterion is to decisively sell when the target is reached or when a bearish pattern appears.
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