What should you pay attention to when trading Bitcoin?

1. Contracts, high leverage, using small investments to achieve large gains; this is the core idea of this strategy. First, you need to consider where the risk points are. High leverage can increase our profits but also magnifies our risks and reduces our margin for error;

2. Next is the calculation: using 10x leverage, a 10% drop will lead to liquidation; using 20x leverage, a 5% drop will lead to liquidation;

3. Fortunately, a 5%-10% fluctuation in Bitcoin is no longer considered small;

4. Therefore, the only way to increase the margin for error in this strategy is to patiently wait for a position that does not drop 5% or 10% according to your trading system, and then execute your trade;

5. You cannot want both high risk and high reward; you must be patient and precise. There is no opportunity to gradually position yourself. There is no chance to be ambiguous about correctness because the core principle is to use small investments to achieve large gains, rapidly multiplying. You can only wait patiently and then strike decisively;

6. Do not consider compound interest; the more you trade, the more mistakes you make, and the more mistakes you make, the less capable you become. Accumulate energy for fewer high-leverage trades; if you trade too much, you will eventually get it right, as the number of trades one can make in a lifetime is limited.