I must say right away that I trade mainly on the 4h-1d TF and now we will talk specifically about trading not within a day and usually not within a week, but with the expectation of catching at least 20-30% of the movement (ideally, try to catch local lows/highs ).

Also, I note that I do not close profitable positions (even when the profit is already 30+ percent from the entry position), if I think that in the end the price will move further in my direction, while I am ready to put up with the fact that at first the price will return again closer to mine open position. If this happens, I often get more.

There is an important note here that holding short positions for a long time is not as profitable as long ones. It is better to restart again or add a new one to the old short pose as you move down (the second option is safer). But you can write a separate article about this in more detail, later on.

And one moment. A good trader has two best friends. One of them is risk management. In general, in trading on the stock exchange, the paramount importance is not the ideal entry into a position, but the reduction/avoidance of losses in the event that you incorrectly calculated the further price movement (even in the short term).

Therefore, over the course of my year of practice in crypto, I developed the habit of always entering the instrument initially at 1-1.5% of the deposit. Then I try to add more when I see another entry point on the chart.

As a result, at least 5-10% of the total balance hangs on 3-5 assets. By entering in small parts, I kind of test the waters for further expansion and at the same time save myself from unnecessary psychological discomfort and fuss.

Yes, it is unlikely to make X’s in a month or a year using this method (and I don’t have such a goal), but losing (or going into unrealized losses) even 20% of all money is quite problematic. Of course, if we exclude troubles with stables and blocking of funds by brokers. But this is also a separate topic.