How can I better profit by placing open orders at my position?

Hello everyone, I am Hebu Cat, focused on market research.

Many people are asking during the live broadcast whether to go long or short, should we enter at this price point or not? What should we do once we know the price point? Some don't even know the difference between left-side trading and right-side trading?

- This post will clarify things for you!

1. Left Side Orders: Friends who trade during the day, or when there is no major news at night. Place orders at the first or second resistance level (short) or the first and second support levels (long). In the evening, set the second or third support/resistance level (setting the third position usually makes a profit), especially be careful when there are no major news events.

How to operate?

When the price approaches the level you set, it will basically pause for a moment! At this time, immediately check the smaller time frames (such as 5 minutes, 15 minutes) to see if the rebound (if it's a short position) or the pullback (if it's a long position) is strong enough. If something feels off, quickly take the small profit and run!

Left-side order risk: This is betting that the price will reverse when it reaches that position. You can't set a stop-loss because you don't know where the stop-loss position is. The market might spike (suddenly surge or plummet), and if it just happens to hit your stop-loss and then reverses, you would be in a terrible situation. So it is necessary: light positions! Light positions! Light positions! Each order can use at most 3-5% of your total capital (if using 100x leverage). At the same time, the total of all open orders should not exceed 10% of your total capital. With light positions, if you get stuck, it is easy to add to the position once and break even. Benefits: If it really reverses, you can get on board from the point where the market just started to reverse and ride the whole wave!

2. Right-side entry (following the trend): When to use it? Wait until you confirm the trend has started moving before following in. Key point: I will provide the 1-hour long and short boundary points every day. Short signal (major direction down): The price began to rebound after the decline.

If the price rebounds but fails to break through the resistance level, or more critically: if it drops below the bullish-bearish boundary I provided, and after the 1-hour chart closes, if the next candlestick rebounds but is still weak and unable to rise, then short!

Bullish signal (general direction upwards): After the price increase, a correction began. If the pullback does not go below the support level, or more critically: if it can firmly stay above the bullish-bearish dividing point I provided. If the smaller timeframe chart retraces to near this position without breaking, then go long!

Stop-loss setting: You must immediately set a stop-loss after entering the market! The stop-loss should be placed at the 15-minute or 1-hour level, near the recent high point of the upward movement (above, for short positions) or the low point of the downward movement (below, for long positions).

Position: Because the stop loss is clear, the position can be slightly heavier, 10%-20% is fine as long as you accept your stop loss loss. Disadvantages: The market has already moved a bit, it may start to hesitate, which could easily trigger stop-loss orders.

The final advice for you!

1. As soon as you make a profit, secure your capital. If a losing position turns profitable, immediately move the stop loss to the entry price or slightly above/below it! For example, if you go long at 2300 and it rises to 2310, immediately move the stop loss from 2285 to 2300 or 2305. This way, even if it drops, you won’t lose money (at most, you'll incur a small fee). If you make more profit, keep adjusting the stop loss; as the price moves in your direction, continually move the stop loss up (for long positions) or down (for short positions) to protect your profits.

2. Take profit position: Once the above two points are achieved, taking profit becomes easier. For long positions, look near resistance levels; for short positions, look near support levels. Once you've made a profit, don't be greedy; you can take profits in batches.

3. The news is the most important: No matter how good your technical analysis is! As soon as there is important news (Federal Reserve, data releases, etc.)! Technical analysis is useless in the face of news.

4. Never hold a position! Holding a position only has one outcome: liquidation! If the direction is wrong, just honestly cut your losses.

I am Shibu Cat, and here I only provide precise points, no vague ranges. The market changes rapidly, and I stream live every day. I look forward to your communication.

Personal opinion: Profit and loss are one's own responsibility.