scalping transactions skills

Strategies with a success rate of over 90%
The Six Essentials of Short-Term Trading
The best way to make large profits with small capital
1. Principles of Coin Selection
Look for opportunities among popular strong coins, as only with strong coins can you have the chance for short-term quick profits. Completely abandon trends of unpopular coins, first look at the currently popular concept sectors, then choose coins with an increase of over 7%. This is already selected for you by the main force. Stand on the shoulders of giants to see the world, unafraid of floating clouds obstructing your view, follow the hot funds, and the trend track is king.
2. Trading Cycle
Short-term holding of coins is enough for one day, with a profit target of 4% to 6% and a stop loss of 2%. The essence of short-term trading lies in its brevity; time represents the greatest opportunity cost of capital. One must be as quick, accurate, and decisive as conducting guerrilla warfare, avoiding prolonged battles.
3. Trend is king
Do not buy just because the price is high, nor buy just because the price is low. When the trend is upward, do not speak of a bottom during a decline. Never decide the direction of buying or selling based on price fluctuations; this is a psychological barrier that must be overcome. Those who fear high prices are always the unfortunate ones.
4. Position Management
The base position is controlled at 20% to 30%. If the market trend is consistent in the future, gradually increase the position, with smaller increments for each increase. The position control should resemble a pyramid, with a larger base and a smaller top. This way, your average holding price will be lower than the market price, and the model determines your mindset.
5. Moving Average Indicator
The 10-day moving average is the main line for the operators, and it can also be said to be the cost line for the operators. When the cryptocurrency price retraces but does not break below the 10-day moving average, it is the best time to enter.
6. Persist in reviewing past trades.
Keep a detailed market record and take out all the trading orders.
Record all the details of each losing trade, including the trade date, trading code, opening price, closing price, reasons for the trade, notes, etc. Study and analyze each failed decision to identify many repeated mistakes. Summarize the errors, such as entering the market too early, being overly anxious, holding too long, and having too large a position.
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