Trading perpetual contracts isn't about luck; it's about the ability to 'survive'! Especially the last point, those who know are making money!
1. Stay away from the 'hype coins' that are doubling in a single day and trending on hot searches. Understand the 'scam tactics' of altcoins that pump and dump, getting scared during dips and chasing during rises, resulting in a cycle of being harvested. The hotter they get, the more dangerous they are, as the manipulators specifically harvest the greedy investors.
2. Mainstream coins are the 'safety net'. Don't despise BTC and ETH for their slow growth; they will double in 3-5 years! Last year's bull market still made 10 times profit. Keep 50% of your position in mainstream coins; buy more when they drop 20%, and take profit on 30% when they break past previous highs—holding on can yield 80% of the bull market gains.
3. Greed destroys everything! Withdraw when profits double! If you’re reluctant to leave when gains soar, you’ll wake up to zero. Now, as long as you double your investment, withdraw your principal immediately and gamble with the rest. Keeping a steady mindset will prevent the market from backfiring on you.
4. Precise timing > Blindly guessing direction! Every morning at 10 am, I only focus on coins with high trading volume. Once there’s a pullback, I make a short-term move. Eat quickly and leave, don’t be greedy or cling to battles.
5. Keeping positions means staying alive! Don’t go all-in right from the start; many people end up dead on the path of 'full position + no margin'. I always keep 1/3 of my position for unexpected situations. Even if there’s a sudden market surge, I can calmly buy more; I’ve even multiplied by dozens of times! Don’t exceed 20% of your principal on a single trade; even if you make a few mistakes, there’s still a chance to recover!
6. Profit distribution = Contract lifeline!
Do you press all your profits back in? You'll be empty sooner or later. My method is:
• 60% to cash (locking in profits)
• 30% to stable assets (preventing drawdown)
• 10% to continue speculation (playing with the money earned)
This way, even if there’s a blow-up, it won’t hurt badly.
The last crucial point (key to survival) for all altcoins: 'Use profits to chase increases, don’t risk your principal!' After making 50% on the initial position, use 80% of the profits to chase the second wave; don’t feel bad when it drops (the loss is from the profits), and when it rises, roll it up like a snowball.
Remember: Protect your principal first before talking about profits. Understanding these 46 points can save you 100,000 in tuition fees!
