🔥Doubling your monthly earnings in the crypto world is not a dream! Three major disciplines will help you soar, definitely beneficial for fam's trading 📈 Chart analysis theory lesson 24 👇

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‼️1. Capital management discipline: Staying alive gives you the opportunity.
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🎉a. Strict Stop Loss: For 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. Dollar-Cost Averaging: When encountering important opportunities, enter in 4 batches, with a 10% interval for each entry. This way, it can effectively spread the risk while seizing opportunities amid market fluctuations.
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🎉c. Establish a risk fund: Set aside a portion of funds as a "risk fund" so that even if this part of the funds incurs full losses, it will not affect daily life.
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🎉d. Eliminate borrowing and living funds: Never use borrowed funds to participate in trading, nor should you invest with essential living funds. Otherwise, once you incur losses, you will fall into a huge predicament.
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‼️2. Entry Timing Rule: 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 to take action only after the trend is confirmed. Although this may result in missing out on the profits from the "fish head" portion, it can effectively avoid 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 the market at this time often allows you to catch a wave of upward momentum.
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🎉c、News-based trading: Position yourself in advance before major events occur. However, be careful to exit quickly after the news is released, as the market often experiences significant fluctuations once the news lands.
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🎉d, multiple indicator confirmation: My entry discipline is that there must be 3 indicators confirming simultaneously before entering. This greatly improves the accuracy of entry and reduces risk.
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‼️3. Exit Strategy: Only those who can sell are the masters. The key to profit lies not only in buying but also in knowing when to sell.
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🎉a. Dynamic Take Profit: Set a dynamic take profit point, and 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. Take profit in batches: adopt the "5 - 3 - 2" take profit method in batches, and sell 50% of the position when the profit reaches 50%; When the profit reaches 30%, sell another 30%; When the final profit reaches 20%, sell the remaining 20%. In this way, you can not only lock in part of the profits, but also get additional income when 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 have any delusions of luck. The market changes rapidly, and exiting in a timely manner is the only way to preserve your capital.
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🎉d, Target and Form: My exit criterion is to decisively sell when the target is reached or a bearish pattern appears.
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