A very simple trading method for cryptocurrencies, the most stable way to play contracts! Tips for making money with perpetual contracts!
In the cryptocurrency market for several years, I consider myself to have outperformed 90% of contract traders, having experienced capital pools, contracts, and arbitrage, and I have also been ruthlessly harvested by the market makers. I have encountered and stepped into all the pitfalls that the market has to offer.
People in the cryptocurrency circle may increase their value by 50 to 100 times overnight or suddenly lose everything in an instant.
Playing contracts in the cryptocurrency circle is like playing with your heartbeat, thrilling and more exciting than a roller coaster.
Have you ever experienced consecutive losses and frequent liquidations?
Then you feel frustrated and regret your decisions?
I have watched countless tutorials, learned from many traders' summaries, and analyzed countless reasons for failure! I have summarized the following points, which I believe can help you:
1. Mental and Emotional Management
Mental and emotional management does not mean you can't be happy when you make a profit, or that you can't be frustrated when you incur a loss. It’s not about becoming an emotionless robot!
Rather, it is to first firmly believe in your success, knowing that the current losses are only temporary, creating a true positive belief system. Secondly, when facing losses, it is crucial to maintain a rational and calm mind, avoiding blind orders and being able to analyze correctly and operate rationally.
2. Capital Management
There is a saying: 'As long as the green mountains remain, one need not worry about firewood.' You must not have a mindset of going all-in; this is very dangerous because once you have this thought, in most cases, the market will fulfill it and leave you utterly disheartened! You must strictly control this point, summarizing your maximum consecutive loss occurrences to manage your capital, ensuring you have a chance to turn things around. This requires you.
I am Xiao O, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion and issues, and speak with strength. When you lose your way and don’t know what to do, follow Xiao O, and I will guide you.
