Just starting to play, not sure how to operate. The initial funds coming in are just under 1000U. For example, if you have 1000U, divide it into 10 parts, and invest 100U each time, with a recommended leverage of 20X. Newcomers should not use too high a leverage as it can be hard to control their mindset. The remaining 900U should be kept in a wealth management account. If you lose 100U, do not think about adding more funds. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Do not be afraid of missing out on the market; Bitcoin's volatility is always present. There are significant fluctuations every month, and opportunities depend on your luck in trading. Once adjusted, you can divide the remaining 900U by 10, making each portion 90U, and then reinvest it. This time, be more careful and strive to earn back that money. Suppose this time you make 300U; keep 100U and transfer out the remaining 200U. This way, you will feel more at ease, and your mindset will improve significantly. Never invest everything; if a black swan event occurs in the market, you could lose everything at once and have to start over. Objectively speaking, when trading contracts, keep it at 10X. If your direction is wrong and it drops by 10%, you will be liquidated. Even with Bitcoin, a 20% fluctuation in a year is quite normal. If you are fully invested every time, it doesn’t matter how much you earned before; it will ultimately all return to zero. No one can guarantee being right every time. An impressive trader with a 60% success rate is already considered very good. Therefore, position management is extremely important. Even with a 90% win rate, one wrong move can lead to disastrous consequences.
Learn trading knowledge, implement light position operations, and reduce losses. Most people lose money in trading because they do not understand the market well and do not know how to control their positions and manage risks. Therefore, avoid increasing your position when feeling unwell; instead, reduce or close your position. If losses exceed 2% of total funds in one day, you should be alert. If losses reach 6%, close all losing contracts and set a breakeven stop-loss on profitable contracts, then take at least a 2-3 day break. Chasing prices is dangerous; unless market conditions are clear, do not blindly chase prices. Be cautious when increasing your position after making a profit, especially after significant gains, as new positions often lead to failure. If you want to increase your position, either act immediately or wait until a major correction has ended, following the pyramid method of adding positions. When margin profits exceed 200%, set a stop-loss for half at a 40% retracement and for the other half at a breakeven stop-loss. This is to protect profits and ensure that significant gains do not turn into losses. If feeling down, depressed, or troubled in life, never trade. If there are overall losses in the past 24 hours, you should also take a 2-3 day break. Never trade against the trend, reduce trading frequency, and look for suitable entry points. For correct trades, because good decisions can continuously bring profits.
Newcomer advice: Contracts are just a way to exploit inexperienced traders; it’s best not to trade contracts.
Small funds, starting with 30-50U
High leverage, 20 times leverage
Stop-loss: Set a stop-loss when entering; stop-loss is a loss of 20-30 dollars
Take profit: Hedge take profit (30% profit retracement, take profit strategy)
Withdraw profits; deposit starts at 500-1000 USD each time#美国加征关税 $BTC