Check the checklist 5 seconds before opening a position—help me avoid 80% of the pitfalls. For rule 3, 90% of people fall for this.
My approach is simple: for any order, if it doesn’t pass these 4 rules, I don’t open it. If I can’t get through the checks, I just stand by. Staying in cash is also a kind of position.
1. If you can’t state the logic in one sentence, don’t open. If you can’t explain why you bought it, you’re just following the crowd.
2. Set the stop-loss before entering. If you try to think about it after you enter, then you don’t really have a stop-loss.
3. Position sizing is based on “even if it all goes to zero, it won’t affect my life.” A single trade blowing up must not damage your principal—this is the easiest one to overlook.
4. If the volume/market activity isn’t right, don’t trade. In low-volume sideways consolidation, don’t gamble on a reversal—wait for a breakout and confirmation with rising volume.
Take today’s BTC as an example: at 64,478, it’s being swept back and forth within 63,880–65,025 all day. I don’t chase this kind of chop. I’ll only do two scenarios: a momentum trade after it holds above 65,000 with rising volume, or reevaluate after it drops below 63,800 and then stabilizes on low volume. Other than that, I choose to wait.
Before you open a trade, do you spend 5 seconds running through the checklist, or do you just charge in? Let’s talk in the comments.
#BTC #交易纪律 #Crypto
My approach is simple: for any order, if it doesn’t pass these 4 rules, I don’t open it. If I can’t get through the checks, I just stand by. Staying in cash is also a kind of position.
1. If you can’t state the logic in one sentence, don’t open. If you can’t explain why you bought it, you’re just following the crowd.
2. Set the stop-loss before entering. If you try to think about it after you enter, then you don’t really have a stop-loss.
3. Position sizing is based on “even if it all goes to zero, it won’t affect my life.” A single trade blowing up must not damage your principal—this is the easiest one to overlook.
4. If the volume/market activity isn’t right, don’t trade. In low-volume sideways consolidation, don’t gamble on a reversal—wait for a breakout and confirmation with rising volume.
Take today’s BTC as an example: at 64,478, it’s being swept back and forth within 63,880–65,025 all day. I don’t chase this kind of chop. I’ll only do two scenarios: a momentum trade after it holds above 65,000 with rising volume, or reevaluate after it drops below 63,800 and then stabilizes on low volume. Other than that, I choose to wait.
Before you open a trade, do you spend 5 seconds running through the checklist, or do you just charge in? Let’s talk in the comments.
#BTC #交易纪律 #Crypto