In today's crypto world, it's really hard to make money, especially with contracts. I think only one person out of a hundred makes money!

Today, I will talk about how to make money.

First: Go against the trend.

When trading contracts: Most of the time, you have to stand on the opposite side of everyone! Simply put, if everyone is bullish, you should be bearish; if everyone is bearish, you should be bullish!

Of course, it's not always oppositional, but most of the time it is.

For example: Last time with Alpaca, most people were short, recently with $memefi, most people are short.

This is the long and short ratio of memefi 0.77.

There are 77 long positions and 100 short positions. 77 divided by 100 equals 0.77.

So there are more people shorting than going long, try to go against the crowd; if everyone is bearish, you should be bullish.



I got into memefi at 0.012, but I was late on Binance, and the lowest point was 0.01752. I added more at 1815.



Second: Take it step by step.

Most of the time we need to take it step by step.

For example, if we are bullish, how does this coin's trend look? Is it similar to what you expected? If it doesn't feel right, you should run!

For example, I look at memefi; if it breaks 0.003 and the trading volume keeps decreasing.

I will reduce my position because I see the heat is declining. If it’s a washout and rises later, I will buy a bit more.

You must be a bit slippery; you can't be unchanging.

Third: How to discover coins.

Read this article.

Why I am optimistic about memefi

Fourth: How to take profit and stop loss.

You need to move your take profit and stop loss.

At first, you don't know where to sell; you need to have an expectation.

For example, how many fans does this coin have on its official website? What is the background? Who are the market makers? What is the market cap of similar competitors? Is Bitcoin bullish or bearish...?

This is determined by many comprehensive factors, but you must think about this question: How much is this coin worth to you?

For example, if you think most altcoins are below 100 million and this coin's limit is 100 million, you might set your take profit at 70 million, 80 million, 85 million, selling a third at each price point [no more fish tails, don't risk waiting for 100 million].

You can also move stop loss and take profit according to market trends.

For example, I opened a position at 18, initially setting my stop loss at 10. When it rises, I set my cost price stop loss at 18.

If it rises more, I think I'll stop loss at 25.

If it rises again, I'll stop loss at 32.

Take profit is the same.

Stop loss, stop loss, keep moving up!!!

Of course, this price level is not set arbitrarily.

It is based on the support and resistance levels of the K-line. I will teach this later; it's a bit complex and requires basic skills.

Fifth: I will teach you a great trick.

A coin can rise recently? A very important thing to look at is how it performs when Bitcoin rises or falls.

For instance, BTC rose today, and we can see that Mubarak and Pnut fell. Last time when BTC dropped to 75000, layer didn’t drop.

On April 7-9, Bitcoin plummeted to the bottom, and altcoins were crippled.

But layer doesn't drop at all! In this case, it shows strength.

If an altcoin drops even when Bitcoin rises, it may be worthless soon.

If a altcoin doesn't drop when Bitcoin drops, it may skyrocket once Bitcoin rises.

There are many more, I'll write about them next time, just pay attention for now.

By the way, remember to take out your capital when you make a profit.