Today, I will share some essential life-saving techniques for both new and old investors:

1. Short-term trading

This is the most common strategy in contracts and is often the first method for newcomers to the cryptocurrency world. This approach carries significant risk, and profits are often based on luck, with earnings usually not covering the losses.

2. Learn to take profits and cut losses

Setting take-profit and stop-loss orders is crucial in contracts due to the high volatility of the market, where prices can change rapidly. A stop-loss can help you close positions quickly when the market is not in your favor, preventing substantial losses. A good take-profit strategy can help you secure profits and avoid losing them due to market reversals, allowing you to manage your profit points effectively.

3. Discipline in trading

In contract trading, emotions such as greed and fear can influence decisions, which is a significant factor in losses. Before entering a trade, set your take-profit and stop-loss levels, maintain your trading rhythm, and reduce the emotional impact on your decision-making. Create a trading plan, establish a daily trading limit, and avoid trying to recover losses by entering another trade, as this often leads to even larger losses along the way.

4. Market analysis

The cryptocurrency market can experience either trending or sideways movements, with sideways movements being most common on weekends. In such conditions, long-term positions are not advisable; it’s better to take profits and secure gains. Trending markets occur only for a limited time, and they are the easiest to trade in. Buy on dips and sell on highs to maximize your profits.

5. Trend analysis

Correctly identifying trends is half the battle won. You can use daily and weekly candlestick charts to determine whether the market is in an uptrend or downtrend. Chasing prices can lead to losses and ultimately result in a poor exit from the market.