How can one achieve a stable income in the contract market?
1. Maintain a steady mindset. When I first started trading contracts, I divided 10,000 into 5 parts, each worth 2,000 R. I would operate on one part at a time. During the lowest point, I lost 4 parts. I told myself that if I lost the fifth part, I would stop trading, so I had to be cautious with the last part.
2. Be sure to summarize your experiences. From the four parts that I lost in the beginning, my personal lesson was to not be greedy. This is a well-known issue. The first time I saw the contract token I bought increase by 5 times, I was reluctant to sell it. The next day, it plummeted and got forcefully liquidated... I regretted being greedy...
3. Learn to take profits and cut losses in a timely manner. Set a target. I generally choose two tokens from popular sectors or within the top 10 in trading volume to trade. I usually buy when the token drops by 5%-8% from its value at 10 AM that day and exit when it doubles.
4. Reserve enough margin. Trading contracts can lead to liquidation, so please ensure you reserve enough margin. I generally reserve 1/3 of my margin to handle some smaller fluctuations.
5. Lastly, the money I make from trading contracts, I usually take 3/5 to buy spot for platform tokens or other mainstream tokens, and the remaining goes back into contracts. Buying platform tokens is to enhance my risk resistance.
In summary, for those with courage and strategy, nothing is impossible in the crypto circle. From beginners to experts, everyone has the potential to write their own legend. Of course, behind the legend lies rational strategies and strict discipline—harboring dreams, being practical, making good use of tools, strictly controlling risks, and adding a bit of luck, ordinary people also have the chance to stand out in contract trading and create amazing profits.
The door of opportunity is always open to those who dare to think and strive. The ultimate definition of a winner in the crypto circle is not only making a fortune in the exchange but also being able to turn paper profits into cash in hand, fully embracing the life of their dreams!
Avoid emotional trading; always analyze calmly regardless of the time period. The market always has opportunities; the safety of capital comes first.
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