How can one achieve a stable income in the contract market?
1. Maintain a stable mindset. When I first started trading contracts, I divided 10,000 into 5 parts, each worth 2,000 R. I would operate one part at a time. During the lowest point, I lost 4 parts and told myself that if the fifth part was lost, I would stop trading. I must play the last part cautiously.
2. Always summarize your experiences. From the four parts I lost at the beginning, I personally learned that one must not be greedy. This is a well-known issue. The first time I saw the contract currency I bought increase fivefold, I hesitated to sell it. The next day, it crashed and got forcibly liquidated... I regretted being greedy.
3. Learn to take profits and cut losses in a timely manner. Set a target. I usually select two currencies to trade from popular sectors or the top 10 in trading volume. I generally aim to buy at a price that is 5%-8% lower than the value at 10 AM on that day, and I withdraw once I double my investment.
4. Reserve enough margin. Contracts can get liquidated, so please make sure to reserve enough margin. I usually reserve one-third of the margin to withstand small fluctuations.
5. Lastly, I typically use 3/5 of the money I make from contracts to buy the platform's tokens or other mainstream currencies, while the remaining continues to be invested in contracts. Buying platform tokens is to increase my risk resistance.
In summary, for those with courage and strategy, nothing is impossible in the cryptocurrency world. From a novice to an expert, everyone has the potential to write their own legend. Of course, behind every legend is a rational strategy and strict discipline—holding onto dreams, staying grounded, making good use of tools, strictly controlling risks, and with a bit of luck, ordinary people can also stand out in contract trading and achieve remarkable returns. The door to opportunities is always open to those who dare to dream and strive. The ultimate definition of a winner in the crypto circle is not only making a fortune in exchanges but also converting paper profits into cash in their pockets, fully embracing the life of their dreams!
Avoid emotional trading; always analyze calmly regardless of the time. The market always has opportunities; the safety of the principal comes first.