Today, the pancake Ethereum strategy is making real profits...
If you must trade contracts, remember the following points!!
If you must trade contracts, remember the following points! Very important!
1. Trading contracts is about risking a small amount for a large return; it's normal to incur losses. However, after hitting a stop loss, two types of people emerge: some will frantically place orders after a stop loss, while others will enter a cooling-off period.
My advice is that if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy.
2. Don't be eager for quick success; trading is not a way to get rich overnight. When facing losses in trading, maintain a calm mindset, don't be in a rush to place orders, and definitely avoid over-leveraging.
3. It is crucial to understand the big trend. When you see a one-sided market from the charts, you should go with the trend and not trade against it. Trading against the trend is the root of losses. Whether you're a novice or an expert, many have the habit of trading against the trend. However, once a market trend forms, trading against it can lead to severe lessons from the market. Therefore, we must learn to go with the trend and patiently wait for opportunities to trade again.
4. You must maintain a good risk-reward ratio; otherwise, it will be difficult to make money. Ensure that profits are as large as possible compared to losses, with at least a 2:1 ratio for trades before considering placing an order.
5. Frequent trading is a major taboo in contracts. If you are not a contract expert, you must restrain the impulse to blindly place orders, especially for novice players who are full of enthusiasm for the market and always want to seize every opportunity. However, most so-called opportunities will lead to losses.
6. Only earn money within your understanding; this is very important.
7. Do not hold onto losing positions; holding onto contracts is a major taboo, especially for beginners. You must set stop losses. Holding onto positions is the beginning of a downward spiral. Again, I remind you not to hold onto positions.
8. Don't get carried away when in profit; getting carried away will definitely lead to losses.
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