🌹Doubling your monthly earnings in the crypto world is not a dream! Three major disciplines will help you soar, definitely beneficial for fam's trading 📈 Explanation of the 23rd lecture on Chan theory👇

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‼️1. Capital management discipline: You have a chance as long as you are alive.
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🎉a. Strict Stop Loss: In every trade, the maximum loss must not exceed 1.5% of the total capital. Once this stop loss level is reached, trading must be decisively halted to prevent further losses.
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🎉b. Batch Positioning: When encountering significant opportunities, enter the market in 4 phases, with a 10% interval for each entry. This not only effectively spreads the risk but also allows you to seize opportunities amid market fluctuations.
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🎉c、Establish a risk fund: Set aside a portion of funds as a "risk fund" so that even if this portion 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 a loss occurs, you will fall into a huge predicament.
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‼️2. Entry Timing Rule: 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 lead to missing out on the profits from the "fish head" portion, it effectively avoids the risks associated with blind entry, while also steering clear of the uncertainty 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 can often capture a rising trend.
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🎉c. News-based trading: Ambush before major events and layout in advance. However, be careful to exit quickly after the news is released, as the market often experiences significant fluctuations after the news lands.
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🎉d, Multi-indicator confirmation: My entry discipline is that I must have 3 indicators confirming at the same time 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 when to sell.
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🎉a. Dynamic Take Profit: Set a dynamic take profit point. If 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 Take Profit: Use the "5 - 3 - 2" partial take profit method. When the profit reaches 50%, sell 50% of the position; when the profit reaches 30%, sell another 30%; finally, when the profit reaches 20%, sell the remaining 20%. This way, you can lock in part of the profit while also gaining additional returns if the market continues to rise.
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🎉c, Trend Reversal Liquidation: Once a major trend reversal signal appears, liquidate immediately and do not hold on to false hopes. The market changes rapidly, and timely exit is necessary to preserve your capital.
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🎉d, Goals and Patterns: My exit criteria are to sell decisively when the target price is reached or when a bearish pattern appears.
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