It's impossible to get rich without contracts now.

With contracts, you can do 100 times, 50 times, dozens of U, hundreds of U, but it's impossible to continuously make money with tens of thousands of U at 100 times leverage. Just think about it; if you have tens of thousands of U to play with at 100 times leverage, you are basically gambling your entire fortune, and new players don't start off this reckless. That amount is something you can't afford. Do you know how much the margin is? I believe there aren't that many fools in this world, so stop asking if there are ways to make a million overnight.

Contracts are generally sustained at 5 to 20 times leverage.

It took about two months to turn 200 U into 10,000 U. I don't know if this trend will continue after it's over.

My strategy is to find out which coins are being hyped through social media, then observe the market and the volume from whales. By analyzing the timing, I predict that trading volume is larger around 11 or 12 PM, and 2 or 3 AM. When I see a long-term bullish trend, I set my positions during a major drop. For example, if you have $100, the margin is $100, with a position of $20 at 20 times leverage. Usually, 1 to 4 hours is considered one point. If it continues to drop, I continue to hold the position. When social media traffic decreases, I understand that a drop is coming. It's a very simple theory, and social media traffic data can be monitored with plugins.

This strategy can easily lead to blind following because you trust yourself too much, so staying calm is key. During continuous drops, I would trade with dozens of dollars at 100 times leverage to adjust.

I used to play with 100 times positions for 5 to 10 minutes, but later got scared because continuous profits can make you overly confident, yet every now and then, someone could blow you up in just 5 minutes.

Newbies should not get involved in the crypto space anymore. The days of buying altcoins and instantly getting hundreds of times returns are long gone. When you hear about someone making a million from a thousand dollars, it's basically a scam. After so many years of playing, besides doing contracts in a bull market, there are hardly any brothers from places like Sichuan and Harbin mining who made big money. Most who got in early had faith, believing that one Bitcoin would be worth 10 million in the future. There are still many holding around a hundred coins, and back in 2017, I laughed at them for being foolish, thinking that if you have money, just buy coins.

Those who are currently trading contracts are basically professional players and experienced individuals who can only make a bit of money if the market is good, luck is on their side, and the platform is reliable.

I still want to stab the Huobi boss for that night when Dogecoin surged.

If you really want to enter the industry, start by copying trades, then slowly learn the ropes. Go on Twitter to 'pick up coins' in your spare time. If you haven't experienced two bear markets, you won't understand how cruel it is. There are all kinds of whales, and the platforms are incredibly disgusting. I still don't understand how 'pulling the plug' can be a thing humans can come up with.

With $1000, trade 10 or 20 times contracts, setting your margin at about 11 or 12.5% for stop-loss. Newbies shouldn't exceed this amount. If you make over $100, withdraw it and continue trading; money that comes out is real money. Control your mindset; this way, the next time you deposit, you'll feel the pinch and start thinking. Don't recklessly invest $100, earn $1000, and then refuse to let go. After a few rounds, you'll be ruined. Trading contracts is all about mindset.

If you have a lot of money, reduce your position size. Don't jump in with 100 times leverage... that's for professional players.#美国加征关税 $BTC