scalping transactions techniques

A strategy with a success rate of over 90%
The Six Essentials of Short-term Trading
The best way to make big with small capital
1. Principles for Selecting Coins
Look for opportunities among popular strong coins, as only by partnering with strong coins can there be chances for short-term quick profits. Completely abandon trending obscure coins, first observe the currently popular concept sectors, and then choose coins with an increase of over 7%. This has already been selected for you by the main force. Stand on the shoulders of giants to see the world, unafraid of floating clouds obscuring the view. Follow the hot funds; the trend track is king.
2. Trading Cycle
Short-term holding of coins is fine for the day, with a profit target of 4% to 6% and a stop-loss of 2%. The essence of short-term trading lies in being brief; time is the greatest opportunity cost of capital. One must act quickly, accurately, and decisively like engaging in a guerrilla warfare, and should not become attached to the battle.
3. Trend is king.
Do not refrain from buying because the price is high, nor buy because the price is low. In an upward trend, there are many rises, and when it falls, do not say it has reached the bottom. Never decide the direction of buying and selling based on the highs and lows of prices; this is a psychological barrier that must be overcome. Those who fear high prices are all unfortunate people.
4. Position Management
Control the base position at 20% to 30%. If the market trend is consistent, gradually increase the position, with the proportion of the increase becoming smaller and smaller. The position control shows a larger bottom and smaller top shape, like a pyramid. This way, your average holding price will be lower than the market price, and the model determines the mindset.
5. Moving Average Indicator
The 10-day moving average is the main force's operating line, or it can be said to be the main force's cost line. When the coin price falls back but does not break below the 10-day moving average, it is the best time to get in.
6. Persist in reviewing the past trades.
Keep a detailed market record and take out all the transaction orders.
Keep track of all the details of each losing trade, including the trading date, trading code, opening price, closing price, trading reasons, points of caution, etc. Study and analyze each failed decision to identify the same mistakes that have been repeated many times. Summarize the errors, such as entering too early, being overly anxious, holding too long, having too large a position, etc.
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