🔥Doubling monthly earnings in the crypto world isn't a dream! Three major disciplines will help you soar, definitely beneficial for your trading, comrades📈 Lecture 23 on the theory of entanglement👇

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‼️1. Capital management discipline: Staying alive gives you opportunities.
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🎉a. Strict Stop Loss: For each trade, the maximum loss must not exceed 1.5% of the total funds. Once this stop-loss line is reached, trading must be decisively halted to prevent further losses.
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🎉b. Build positions in batches: When encountering important opportunities, enter the market in 4 batches, with each entry spaced 10% apart. This not only effectively spreads the risk but also allows you to seize opportunities amidst market fluctuations.
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🎉c. Establish a risk fund: Set aside a portion of funds as a "risk fund"; even if this portion of funds is completely lost, it will not affect daily life.
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🎉d. Avoid borrowing and using living funds: Absolutely do not borrow funds to participate in trading, and do not use essential living funds for investment; otherwise, once you incur losses, you will fall into a huge predicament.
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‼️2. Timing Rules for Entry: Only earn the most certain money. The choice of entry timing directly determines the success or failure of the trade.
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🎉a. Right-side trading: Adhere to the "right-side trading" strategy, which means entering the market only after the trend is confirmed. Although this may result in missing out on the profits from the "fish head" portion, it effectively avoids the risks associated with blind entries and also helps to steer clear of the uncertainties of the "fish tail."
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🎉b. Swing Trading: Grasp the key points of swing trading. When the 5-day moving average crosses above the 20-day moving average, this is a clear buy signal. Entering the market at this time often allows you to catch a wave of rising trends.
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🎉c. News trading: Position yourself in advance before major events occur. However, be cautious, as you must exit quickly after the news is released, since the market often experiences significant fluctuations following the announcement.
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🎉d, Multi-Indicator Confirmation: My entry discipline is that I must have 3 indicators confirming simultaneously before entering. This greatly improves the accuracy of the entry and reduces risk.
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‼️3. Exit Strategy: Only those who can sell are the masters. The key to profit lies not only in buying but also in knowing when to sell.
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🎉a. Dynamic Take Profit: Set a dynamic take profit point. Once the profit retracement reaches 10%, exit immediately. Protecting existing profits is key to long-term survival in the crypto world.
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🎉b. Partial profit-taking: Use the "5 - 3 - 2" method for partial profit-taking. When profits reach 50%, sell 50% of the position; when profits reach 30%, sell another 30%; finally, when profits reach 20%, sell the remaining 20%. This method locks in some profits while also allowing for additional gains if the market continues to rise.
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🎉c, Trend Reversal Clearing: Once a major trend reversal signal appears, clear your position immediately without any wishful thinking. The market changes rapidly, and timely exit is essential to protect your principal.
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🎉d, Goals and Patterns: My exit criteria are to sell decisively when the target is reached or a bearish pattern appears.
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