🔥 Doubling your monthly earnings in the crypto world is not a dream! Three major disciplines will help you soar, definitely beneficial for you traders 📈 Chapter 23 of the Chan Theory illustration👇

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‼️1. Capital management discipline: As long as you're alive, you have a chance.
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🎉a. Strict Stop Loss: For each trade, the maximum loss must not exceed 1.5% of the total capital. 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 a 10% interval for each entry. This effectively spreads the risk while seizing opportunities during market fluctuations.
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🎉c. Establish a risk fund: Set aside a portion of funds as "risk capital"; even if this portion is entirely 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 losses occur, it will lead to a huge predicament.
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‼️2. Entry Timing Rules: 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 taking action only after the trend is confirmed. While this may result in missing out on the profits from the "fish head" portion, it effectively avoids the risks associated with blind entry, 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, it is a clear buy signal. Entering the market at this time often allows you to catch a wave of upward momentum.
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🎉c. News Trading: Position yourself ahead of significant events and set up in advance. However, be aware that after the news is released, you must exit quickly, as the market often experiences significant volatility after the news lands.
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🎉d, Multi-Indicator Confirmation: My entry discipline is that there must be 3 indicators confirming simultaneously before I enter the market. 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 profit taking: Set a dynamic profit taking 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. Gradual Profit Taking: Use the "5 - 3 - 2" gradual profit-taking method. 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 way, you can lock in some profits while also gaining additional earnings 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 harbor any delusions. The market changes rapidly, and timely exit is essential to preserve capital.
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🎉d、Targets and Patterns: My exit criteria is to sell decisively when the target level is reached or a bearish pattern appears.
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