🔥Turning a 20-fold monthly return in the crypto world is not a dream! Three major rules will help you soar, definitely beneficial for fam's trading📈 Chapter 24 of the Chan theory diagram👇

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‼️1. Capital Management Discipline: As long as you're alive, you have a chance.
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🎉a. Strict Stop Loss: In each trade, the maximum loss must not exceed 1.5% of the total capital. Once this stop loss line is reached, trading must be decisively halted to prevent further losses.
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🎉b. Building position in batches: When encountering important opportunities, enter the market in 4 batches, with a 10% interval for each entry. This way, you can effectively spread the risk and seize opportunities during market fluctuations.
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🎉c. Establishing a risk fund: Set aside a portion of funds as "risk funds"; even if this portion is completely lost, it will not affect daily life.
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🎉d, Avoid borrowing and using living funds: Absolutely do not borrow funds to participate in trading, nor use essential living funds for investment, 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 entering the market only after the trend is confirmed. Although this may cause you to miss out on the profits from the "fish head" part, it effectively avoids the risks associated with blind entry, while also steering clear of the uncertainties 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 at this time often allows you to catch a wave of upward market movement.
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🎉c、News-based trading: Position yourself ahead of significant events. However, be careful to exit quickly after the news is released, as the market often experiences substantial fluctuations once the news lands.
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🎉d, Multi-Indicator Confirmation: My entry discipline is that I must have 3 indicators confirming at the same time before entering the market. This greatly improves the accuracy of entry and reduces 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 the 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, liquidate immediately and do not harbor any illusions. The market changes rapidly, and timely exit is essential to preserve your principal.
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🎉d, Goals and Patterns: My exit criteria are to sell decisively when the target price is reached or a bearish pattern appears.
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