Any transaction is merely trial and error, which determines that going all in may suffer significant setbacks.
Therefore, a staggered approach is the best strategy, using a 1:2:1 ratio based on the established position funds. From experience, intraday trading of contracts is suitable for several timeframes of candlestick charts: 1-minute, 3-minute, and 5-minute.
1-Minute Chart: Commonly known as "grabbing hats." This trading method profits from extremely short trading opportunities, requiring traders to have no patience. Quick in and out. Typically, each profit will not be too much, and of course, the stop-loss points set during trading are also very few.
Additionally, in this trading method, the transaction fee accounts for a large proportion of profits, generally suitable for low-fee or intraday trading. Another point to note is that some varieties' 1-minute candlesticks are not very active, so traders should avoid these varieties as much as possible.
3-Minute Chart: The 3-minute chart is used by many intraday traders during this timeframe, with many trading opportunities every day. The price of the currency is set in a fluctuation range, which also has a certain trend, avoiding situations where some indicators fail due to excessive fluctuations in the 1-minute chart.
This trading operation method allows for setting larger profit targets for each trade, and the stop-loss range can also be appropriately widened.
5-Minute Chart: Further stabilizes operations based on the 3-minute chart, although the daily trading opportunities are fewer than the 3-minute chart. However, once a trading pattern appears, it is relatively stable, and monitoring is not as tiring as the 3-minute chart.
The one-third method is an operation of fund management, dividing the account funds into three parts, aimed at preventing you from operating with full positions. Funds are our lifeline, and we must ensure our safety.
The application of the one-third method is to use one-third of the funds to establish a position. After establishing a position, if its direction is correct, we maintain one-third and do not chase the order midway, as chasing orders often increases risk.
The one-third method can be broken down into one-sixth and one-ninth methods, making operations more flexible. For those who like contracts, enjoy studying charts, and researching techniques, click on the avatar. With years of experience and tips in the cryptocurrency circle, I share freely. I am here waiting for you, online at any time, welcome to discuss and improve together.
Therefore, a staggered approach is the best strategy, using a 1:2:1 ratio based on the established position funds. From experience, intraday trading of contracts is suitable for several timeframes of candlestick charts: 1-minute, 3-minute, and 5-minute.
1-Minute Chart: Commonly known as "grabbing hats." This trading method profits from extremely short trading opportunities, requiring traders to have no patience. Quick in and out. Typically, each profit will not be too much, and of course, the stop-loss points set during trading are also very few.
Additionally, in this trading method, the transaction fee accounts for a large proportion of profits, generally suitable for low-fee or intraday trading. Another point to note is that some varieties' 1-minute candlesticks are not very active, so traders should avoid these varieties as much as possible.
3-Minute Chart: The 3-minute chart is used by many intraday traders during this timeframe, with many trading opportunities every day. The price of the currency is set in a fluctuation range, which also has a certain trend, avoiding situations where some indicators fail due to excessive fluctuations in the 1-minute chart.
This trading operation method allows for setting larger profit targets for each trade, and the stop-loss range can also be appropriately widened.
5-Minute Chart: Further stabilizes operations based on the 3-minute chart, although the daily trading opportunities are fewer than the 3-minute chart. However, once a trading pattern appears, it is relatively stable, and monitoring is not as tiring as the 3-minute chart.
The one-third method is an operation of fund management, dividing the account funds into three parts, aimed at preventing you from operating with full positions. Funds are our lifeline, and we must ensure our safety.
The application of the one-third method is to use one-third of the funds to establish a position. After establishing a position, if its direction is correct, we maintain one-third and do not chase the order midway, as chasing orders often increases risk.
The one-third method can be broken down into one-sixth and one-ninth methods, making operations more flexible. For those who like contracts, enjoy studying charts, and researching techniques, click on the avatar. With years of experience and tips in the cryptocurrency circle, I share freely. I am here waiting for you, online at any time, welcome to discuss and improve together.