Let me introduce the knowledge and skills of crude oil short-term trading for investors.
First, you must learn technical analysis for short-term crude oil trading. There is no need to have a comprehensive understanding and mastery of technical analysis, after all, investors do not want to be analysts. As long as you are familiar with some basic technical analysis methods, learn to simply look at pictures and analyze graphic trends, and learn from the fundamentals of the market, investors can perform short-term operations.
Second, we must enter the market after thorough analysis of oil prices. If the market continues to fluctuate and investors cannot find a breakthrough in the market, then they should choose to exit the market and wait and see. If an investor fails to open a position continuously, then the day’s trading should also be stopped.
Third, short-term crude oil cannot be traded frequently. Investors must set a profit target for themselves before entering the market, and stop trading if the target is completed. If profits are not realized, investors should not switch positions frequently, after all, the cost of swapping positions may offset the final profit of investors.
Fourth, short-term crude oil trading must grasp the profit ratio. Investors in crude oil must have a certain understanding of probability. Rather than relying solely on luck, the probability of profit or loss is the same when the investor is not absolutely sure, but if the investor can win more and lose less each time, the final profit will be very substantial. Therefore, the position of stop-profit and stop-loss settings is very important.
Fifth, we must learn to enjoy the fun of crude oil trading. Investing is to add value to make one’s life happier. But if daily trading is a torture to investors, then the gain is not worth the loss.