Newbies playing contracts, a must-read for beginners!
Newbies playing contracts, a must-read for beginners
Recently, many fans mentioned that they are just starting and don't know how to operate. The capital they have just entered is within 1000u, and they ask me for good strategies, so today I will share my suggestions. For example, if you have 1000U, divide it into 10 parts, and invest 100U each time, with a recommended leverage of 20X. A high multiplier is difficult for beginners to control their mindset. The remaining 900u should be placed in a financial account. If you lose 100U, you must not think about replenishing the position. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid of missing out on the market; Bitcoin's volatility is always present. There are big fluctuations every month, and there are many opportunities; it just depends on whether you have the luck to play. Once you have adjusted, you can divide the remaining 900U by 10, turning it into 90U per part, and invest it again. This time, be more cautious and strive to earn that money back. Suppose you earn 300U this time; keep 100U and transfer all the remaining 200U out, so you feel more secure, and your mindset will at least be much better. Never invest everything at once; if a black swan event occurs, you will lose it all in one go and start over. Objectively speaking, when doing contract trading, just open 10X. If your direction is wrong and it drops by 10%, you will get liquidated. Even with BTC, a 20% fluctuation in a year is very normal. If you are fully invested every time, then no matter how much you earn before, it becomes meaningless in the end, and it all goes back to zero. Walking along the riverbank often, no one guarantees that you will be right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is very important. Even if you have a 90% win rate, one mistake can lead to irreparable consequences.
