In the cryptocurrency contract market, avoiding traps is key to making money! Jack gives you these 6 tips to help you maintain your pace:
1. Ironclad rules for profit taking and stop loss: Don't be greedy, set a clear goal and take profits when you see them; acknowledge mistakes, decisively cut losses to protect your principal, greed and luck are major enemies.
2. Fewer trades can earn more: Frequent trading will only deplete your earnings due to fees, and high-leverage contracts have even higher costs, wait for the right moment to strike, and winning rate is more important than the number of trades.
3. Stay in cash if you don't understand: Placing random orders when the market is unclear is no different from gambling. Missing out is not scary, losses are deadly, wait for clear direction before taking action.
4. Small profits accumulate to big money: Don't expect to get rich overnight, with 100 yuan principal and 10x leverage, a 1% increase earns you 10 yuan, steady trading a few times a day with a win rate of over 60% is quite impressive.
5. Refuse heavy positions: Even in stable markets, reversals can happen, light positions can withstand volatility, keeping your principal means more opportunities.
6. Mindset determines success or failure: Knowing is easy, doing is hard; overcoming greed, decisively cutting losses, and persisting in learning will help you become one of the 1% winners, time will prove the power of steadiness. #比特币 $BTC #山寨季來了?