In contract trading, I have always advocated a simple 'dumb method'.
Frankly speaking, many people lose money in contract trading not because they can't read charts, but because they are too smart: obsessed with various indicators, frequent trading, staying up late to watch the market, resulting in a blown mindset and no account growth.
But those who can go far are often the ones who simplify their methods to the extreme. Now let me share with you the strategies I commonly use:
First: Keep only one indicator
EMA21 and EMA55 are enough. The crossover of the short-term trend and mid-term trend is the signal. Golden cross means bullish, death cross means bearish, no need for additional fancy stuff. #币圈生存法则
Second: Choose the right entry position #币安人生
Only look at the four-hour level. EMA21 crossing above EMA55, K line closing bullish, go long. Conversely, EMA21 crossing below EMA55, K line closing bearish, go short. Absolutely do not touch the middle of the oscillation.
Third: Stop loss must be set #币圈
Place it at the high and low points of the previous four-hour K line, with a single loss not exceeding 5% of the principal. Losses can be accepted, but holding onto a losing position must be refused.
Fourth: Roll over profits
Initially invest only 10% of the capital; after a 10% profit, add more, continue to add as profits increase, and follow the trend until EMA crosses again. This practice can protect profits and capture as much of the trend as possible.
In terms of mindset, remember a few key points:
Do not pursue winning on every trade; missing out is better than making a wrong trade.
Limit to 1-3 trades per day, do not disrupt the rhythm because of impatience.
Trust the system, stick to execution for long-term compounding.
The so-called 'dumb method' does not mean not using your brain, but rather simplifying the complex market into a few rules that can be consistently followed. It is suitable for those who do not want to be bound by emotions and can maintain a high win rate.
I only share practical experiences that can help survive in the circle. Our team still has a few spots available; brothers and sisters who want to learn the methods and turn things around, come and join us! @顶级交易员昭财
Frankly speaking, many people lose money in contract trading not because they can't read charts, but because they are too smart: obsessed with various indicators, frequent trading, staying up late to watch the market, resulting in a blown mindset and no account growth.
But those who can go far are often the ones who simplify their methods to the extreme. Now let me share with you the strategies I commonly use:
First: Keep only one indicator
EMA21 and EMA55 are enough. The crossover of the short-term trend and mid-term trend is the signal. Golden cross means bullish, death cross means bearish, no need for additional fancy stuff. #币圈生存法则
Second: Choose the right entry position #币安人生
Only look at the four-hour level. EMA21 crossing above EMA55, K line closing bullish, go long. Conversely, EMA21 crossing below EMA55, K line closing bearish, go short. Absolutely do not touch the middle of the oscillation.
Third: Stop loss must be set #币圈
Place it at the high and low points of the previous four-hour K line, with a single loss not exceeding 5% of the principal. Losses can be accepted, but holding onto a losing position must be refused.
Fourth: Roll over profits
Initially invest only 10% of the capital; after a 10% profit, add more, continue to add as profits increase, and follow the trend until EMA crosses again. This practice can protect profits and capture as much of the trend as possible.
In terms of mindset, remember a few key points:
Do not pursue winning on every trade; missing out is better than making a wrong trade.
Limit to 1-3 trades per day, do not disrupt the rhythm because of impatience.
Trust the system, stick to execution for long-term compounding.
The so-called 'dumb method' does not mean not using your brain, but rather simplifying the complex market into a few rules that can be consistently followed. It is suitable for those who do not want to be bound by emotions and can maintain a high win rate.
I only share practical experiences that can help survive in the circle. Our team still has a few spots available; brothers and sisters who want to learn the methods and turn things around, come and join us! @顶级交易员昭财
