#今天你用Gate保险箱了吗？ The predecessor's log quickly summarized: short-term trading checklist, hoping to help everyone become more organized when operating after reading the predecessor's article, reducing impulsive decisions.

short-term trading checklist

1. Preparation before trading

- Target selection: Only choose familiar mainstream currencies (such as BTC, ETH) and avoid chasing unknown new coins.

- Market Environment: Check the overall market sentiment (Fear and Greed Index), and only operate when market sentiment is stable or recovering.

- Trading Plan: Clearly define entry and exit points, stop loss and take profit positions, as well as the rationale for this trade.

2. Position Management

- Small position principle: a single short-term trade should not exceed 5%-10% of the total position.

- Risk-reward ratio: Ensure that potential profit is at least 1.5 times greater than potential loss.

- No averaging down: Short-term trading does not involve adding positions to dilute the cost, and one should decisively exit upon reaching the stop-loss level.

3. Execution and Discipline

- Strict stop loss: Execute immediately upon reaching the stop loss level, without any hope for recovery.

- Partial profit-taking: You can close a portion of your position when reaching certain target levels to lock in some profits.

- Don't look at profits and losses: Reduce the frequency of watching the market after placing an order to avoid being influenced by price fluctuations.

4. Post-trade review

- Record results: Regardless of profit or loss, document the entire process of this trade and the market reaction.

- Summarize experiences: Analyze the reasons for profit or loss, and consider whether they align with your trading system.

- Adjust strategy: Optimize the next trading plan based on the review results.