How to formulate your own trading plan in the currency circle?

Yesterday's article analyzed the importance of a trading plan, stating thatThe correct trading process is 100 times more important than a correct trading result. Many friends ask: How to make your own trading plan/system?

This is a matter of different people's opinions. The uncertainty of the financial market determines that any trading plan has limitations. There is no universal standard, so it is moreYou need to seek answers from within, and find a trading plan or investment strategy that suits you from your own perspective。

In fact, everyone has trading plans intentionally or unconsciously, but they just haven't found a smooth and stable profitable plan. Buying and selling currencies according to the good and bad news of the currency released in the market, or listening to the recommendations of experts to buy currency, gossip or insider information to buy currency, or even chasing ups and downs in the market, is a trading plan .

simply put,

simply put,The most common trading plan is fixed investment, This is very common in the traditional financial market. All kinds of funds are fixed investment games, which is very suitable for beginners. I also mentioned in my previous article, "Is the $10,000 position of Bitcoin still suitable for regular investment?", you can go and have a look.In the current digital currency market, when the bear market continues and the bull market is not expected, scheduled investment is still the safest trading plan or strategy, but the target of scheduled investment can only be BTC and popular mainstream currencies, the currency that is expected to rebound will not die in the future.

Another trading plan isgrid strategy, It is also often mentioned in traditional investment. Simply put,Divide the available funds in hands into many shares, buy one share when the price falls by a certain amount or proportion, and sell one share when the price rises by a certain amount or proportion.This is a relatively stable strategy for increasing positions, and it is also a very complete trading system. Take Bitcoin as an example.

Suppose I have 100,000 RMB of funds to invest in digital currency, and I use 50,000 RMB of it to operate the grid strategy, divide it into 10 shares, each of which is 5,000 RMB, and take the BTC price of 8,500 US dollars as the benchmark. When the price of BTC falls For 500 US dollars, I will buy one BTC (5,000 yuan per share), and when the BTC price rises by 500 US dollars, I will sell one. In this way, we don't have to care about the short-term currency price trend of BTC, and seize every opportunity of currency price fluctuations during its rise and fall.

In the example, the reason why only 50% of the available funds (less in reality, the grid strategy is only suitable for short-term and medium-term) to use the grid strategy is becauseGrid strategy is more risky than regular investment strategy, especially in a unilateral down market, the grid strategy will suffer huge losses, and similarly, in a unilateral rise in the market, the grid strategy will lead to a substantial reduction in profitscertainly,

certainly,No trading strategy or plan can guarantee that you will make money 100%, because the financial market is unpredictable, it is a game among many people, and the uncertainty is very large. Therefore ourOperation suggestion:。

Operation suggestion:

BTC: It fell below the support of the 1-hour MA60 moving average ($8,400), and BTC fell into a short-term shrinkage consolidation trend, with extremely shrinking volume, and technical indicators such as MACD and BOLL also pointed to a consolidation state. BTC has fluctuated slightly around $8,300 for a short period of time. On the whole, it is in the mid-axis position of the range shock since the Great Falls on September 25. This position can go up or down, and there is not much room for maneuvering. We still wait for the market to choose a direction It is safer to act after falling below the support of 8,200 US dollars, or breaking through the pressure of 8,400 US dollars upwards.ETH: 178-185 USD range consolidation trend, pay attention to the support near the 4-hour MA60 moving average (180 USD) for a short period of time, and pay attention to risks when the volume falls below.

LTC: The disk fluctuates slightly around 56 US dollars, and the volume can shrink. In the short term, it is mainly to wait and see, and the bottom supports 52-54 US dollars.

BCH: The same shrinkage consolidation trend, with fluctuations up and down at 225 US dollars, short-term pressure of 240 US dollars, and the risk of falling below 220 US dollars has intensified.

EOS: Continue to organize the trend in the range of 3-3.2 US dollars, with a short-term support of 3 US dollars. Under the trend of shrinking and finishing, beware of heavy volume.

XRP: 0.27 US dollars fluctuates slightly up and down, and the short-term support is near the support of the 4-hour MA60 moving average.

TRX: In the short term, the support of the 4-hour MA60 moving average ($0.0155) will continue to be tested, and the risk of falling below will intensify.

ETC: The 4-hour level MA60 moving average (4.67 US dollars) is finishing the trend, if it falls below it effectively, pay attention to the risk.

Platform currency: Continue to organize the trend in the range. BNB fluctuates in the range of 16-18 US dollars for a short time. Only after breaking through 18 US dollars (MA360 year line) will there be a new market; HT short-term pressure is 3.55 US dollars, and the daily level can always be Shrinking state; OKB is fluctuating in the range of 2-2.4 US dollars, and the daily line level is facing the suppression of MA30 and MA90 moving averages; GT continues to move sideways, with both volume and price shrinking, and 0.5 US dollars is the short-term support.