Today, let's talk about how to play contracts to help novices avoid pitfalls and reduce losses:

1 Be cautious when short-term trading: It is common in contracts and is often chosen by newcomers, but it is risky and relies more on luck to make profits, and the profits are often not enough to cover losses. Set stop-loss and stop-profit: The contract market fluctuates greatly and prices change quickly. Stop-loss can close positions in time to prevent big losses when it is unfavorable; reasonable stop-loss can lock in profits and control profit points.

2 Strictly abide by trading discipline: Trading is easily affected by emotions such as greed and fear and loses money. Set stop-loss and stop-profit before entering the market, maintain the trading rhythm, and make a daily trading plan. Don't rush to recover your investment due to losses, otherwise you will lose more and more.

3 Analyze the characteristics of the market: There are unilateral and volatile markets in the currency circle. There are more fluctuations on weekends, which are not suitable for long-term trading. Run away when there is profit; unilateral market appears once in a period of time, which is suitable for buying on dips and selling on highs, and the profit is higher.

4 Determine the trend: Determine the rise and fall trends through K-line daily and weekly lines to avoid losses caused by chasing ups and downs.

5. Do a good job of position management and leverage application: Position management is very important. For example, if the account has 1,000, the margin rate for orders is 5%-10%, that is, 50-100, which can reduce the risk of liquidation.

6. Use leverage according to the market conditions, fast in and fast out, choose high leverage, fast returns, high capital utilization, and the best profit rate is 20%-50%. Restrain greed and stop when you see good results. If you want to exchange contracts, you can click on the avatar, share your experience for free, and welcome to discuss at any time. $BTC #MichaelSaylor暗示增持BTC