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How to sell after a rebound and make money? My strict rules for take profit and stop loss
Those who can buy are apprentices; those who can sell are masters. Why was I able to capture a large profit on ORDI during this rebound? Because I have iron discipline.
Current data: ORDI is quoted at $9.022, reaching a high of $9.50. SATS is quoted at $0.00000002266, with a high of $0.00000002213.
Take profit discipline:
- When it rises 50%, sell two times the initial capital.
- When it rises 100%, sell three times the initial capital.
- For the remaining profit position, set no target price; wait until the trend deteriorates before clearing the position.
- A sign that the trend is turning bad is: falling below the 4-hour EMA24 moving average.
Stop loss discipline:
- After buying, if it drops 10%, cut half unconditionally.
- If it drops 15%, close the position and exit.
- No holding through losses, no adding to positions, no wishful thinking.
ORDI strictly followed this discipline in this wave. It sold around $9, taking five times the initial capital, now holding only profit. Even if it goes to zero next, this trade is already profitable.
Many people can't make money from rebounds because they don't buy poorly; they sell poorly. Especially now, with the crypto fear index at only 22, the rebound could extinguish at any time. Write your discipline on the wall, and every time you think about your strategy, take a look.
#山寨币强势反弹