Having been in the game for several years, to be honest, I've seen too many tragedies of 'always losing when opening positions, precise liquidations.' 😅
Does this happen to you often? You spot a good market opportunity, confidently open a position, and then come back from the restroom to find your position gone!
Contracts, in simple terms, are about using small amounts of money to control large positions. It sounds nice, but the essence is leverage! 🔍
Leverage amplifies your profits while also magnifying your risks! Initially, you could have a back-and-forth with the market, but once you trade contracts, the outcome is determined in one go!
📌 For example, if you have 100 yuan and use 10x leverage, it’s like controlling a position worth 1000 yuan. If the market rises by 10%, your profit doubles! But if the market moves against you by 10%, sorry, you're instantly liquidated, and your account goes to zero!
✏️ The contract market is a zero-sum game; every penny you earn is lost by someone else, and vice versa. This is not a contest between retail traders, but a battle between retail traders and big money!
What truly drives the market are institutional traders and big players! They don’t care about short-term fluctuations; they focus on stop-loss positions in the market! They will first wash out small players before deciding whether to push the price up or down.
🏌🏻 When there are too many long or short positions, big capital will exploit the volatility to hit the liquidation points of leveraged traders! Once a batch of people is passively forced out, they will then control the market and move at their own pace!
Thus, beginners are often the first to be washed out. Why? High leverage and positions that can't hold up make them the easiest to harvest!
💥 If you want to survive in the cryptocurrency market, remember this: don't trade for profit, trade for safety!
If you want to achieve stable profits, first let go of that impatient desire for quick success and fantasies of overnight wealth!
⚡️ In fact, trading in cryptocurrency contracts can be said to have the lowest cost.
If it's stocks, a single lot could cost a few hundred, and losing once could mean tens.
If it's futures, a single lot could cost over a thousand, and losing once could mean hundreds.
In the cryptocurrency contract market, you can open a position with just 1 USDT, or even 0.5 USDT. Setting a 3% stop loss means you might lose a few dollars at a time.
With such a cheap tuition fee, what's the rush?
🌪 When you are not making stable profits, you should be wary of the high risks of contracts and the possibility of liquidation.
When you can make stable profits, you should be grateful for the large volatility of contracts and the potential for high returns.
So, to succeed, you need to achieve stable profits.
As someone who's been there, let me tell you: trading technically involves learning patterns, candlesticks, and technical indicators.
Is this difficult? If mastering these techniques guaranteed profits, then academic achievers would all be trading experts.
In fact, the most important thing in futures and cryptocurrency trading is experience.
This experience includes: mindset and handling market situations. How to reconcile with yourself during losses and how to boost your confidence during profits.
📈 Playing in the cryptocurrency market is essentially a contest between retail investors and institutional traders. If you lack cutting-edge news and firsthand information, you can only be taken advantage of! If you want to strategize and harvest with the big players, come find me!
There's a saying I completely agree with: the boundary of knowledge determines the boundary of wealth; a person can only earn wealth within their boundary of knowledge.
When trading cryptocurrencies, you must maintain a good mindset. Don't let your blood pressure rise during a market crash, and don't become complacent during a market surge; securing profits is paramount.
For those without many resources, being grounded is an unbreakable survival strategy. Good luck!#FUN #ETH
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