Contract Experience Sharing

First, profit must be protected after earning.
For example, if you buy a coin and it rises more than 10%, you need to be cautious at this point. If it later falls back to your purchase price, sell immediately without hesitation.
If you make a 20% profit, then you should set a rule that you won't sell unless the profit is at least 10%, unless you're sure this is a temporary high point, otherwise don't sell easily.
The same logic applies: if you earn 30%, you should at least secure a 15% profit before selling.
This way, even if you lack the skill to judge the high point, your profits can grow on their own. $QAIT
Second, cut losses decisively when losing money.
If you buy a coin and it loses 15% (you can set this number yourself, but 15% is a good reference), then you should cut your losses and sell quickly.
This is to stop losses in time and prevent yourself from falling deeper.
If it later rises again, that's okay; it indicates your entry point was wrong. This is a mistake in trading, and mistakes come with a cost—that is, a loss.
Remember, every trade must have a stop-loss set; this is an essential condition for trading cryptocurrencies. #币圈生存法则
Third, buy back at the original price if a coin you sold drops.
If you sell a coin and it falls, but you still believe in it strongly, buy back the same amount of coins.
This way, your coin quantity remains the same, but you have more funds on hand.
If you didn't buy back after a small drop and later it rises back to your selling price, you must buy back unconditionally. $ALLO
Although this may cost some transaction fees, it can avoid many missed opportunities.
This principle can be combined with the stop-loss rule: buy back when it returns to the original price, stop-loss when it drops.
If you operate this way multiple times and find that the coin's price is always unstable, then you need to choose a new entry point.
In short, short-term trading in crypto must follow principles: quick in and out does not mean reckless, chasing hot spots does not mean blindly rushing, taking profits when good does not mean being timid, and holding cash to observe does not mean quitting the crypto circle.
Don't be too obsessed with the lowest and highest prices for buy and sell points.