Trading Strategy: High leverage intraday trading, generally holding positions for 2-8 hours, not exceeding half a day, take profits timely and set stop losses.
❌ APT#
- After setting the TP, it was greedy and set the TP to a higher resistance level, but later it proved that the first resistance level was a perfect exit opportunity. If a larger TP is used, make sure to track the take profit to reduce risk.
- At the beginning of the retracement when the uptrend was broken, the take profit was not taken in time. When the market is in a consolidation phase, it is difficult for the price to break through the resistance level again, and the probability of a retracement is higher. When the market is uncertain, it's time to sleep and take profit to exit. Otherwise, you may wake up to a surprise stop loss.
- No trailing stop loss, even though it was a profitable trade.
✅ ETC#
- I have seen a similar structure on ETH before, with a rapid decline followed by a slow rise, which can be an opportunity to go long.
- Set a 100% TP near the 5-minute resistance level while trailing the take profit. No greed, and finally took profit.
❌ FET#
- For data releases like CPI or US employment, pre-positioning and hedging should be done. The volatility after the release is too large and fast to operate.
- Chased the price up a few minutes after the data release and chased three coins, all ended up losing. Realized something was wrong and exited quickly, otherwise the losses would have been even greater.
A Profound Chart#
If the full position is stopped out at 30%, a 42% return is needed to make up for the loss.
If the full position is stopped out at 50%, a 100% return is needed to make up for the loss.
Losses are easy, but recovery is difficult!