Why do many people say that contracts cannot be played?
In fact, many people in the crypto space are not suitable for trading contracts; when they trade contracts, it's simply giving away money. First, the understanding is lacking. Many people just think about getting rich quickly, going all in right away, or they think about making some small profits by entering and exiting quickly every day.
Those with this mindset will definitely end up losing everything. Second, the technical skills are lacking. Some people think that technical indicators are useless, but the difference between knowing how to use them and not knowing is huge. People who don't understand the technology come to trade contracts; that's just pure gambling, going long or short, with a 50-50 chance of winning or losing. Third, the mindset is lacking.
After opening a position, they keep their eyes glued to the screen, wishing there were 30 hours in a day. If the price drops a little, they want to stop loss; they think about it but don’t dare to act, and can only stubbornly hold on, eventually being wiped out. If the price rises a little, they can't hold on, always thinking about what to do if it retraces, what to do if they incur losses, lacking patience. Fourth, execution capability is lacking.
They open positions blindly without meeting the conditions of technical indicators and close positions without reaching the take profit and stop loss points. Doing this will surely lead to more losses than gains. Fifth, the strategy is wrong. When trading contracts, one cannot always think about getting rich overnight, nor can they stick to quick entry and exit.
One must make trend trades, observe the major trends, divide the funds into 2-3 parts, and place orders with large positions. Set take profit and stop loss, then uninstall the software, don’t keep staring at it.
With this level of accuracy, do you still want it?
The next 10x coin is being laid out.
Pay attention today: uni, sui, aave, mkr, bonk
