If you really can't get rid of contracts, I suggest you stick to these 8 bottom lines, which are more effective than reading 100 articles on techniques!
The essence of contracts is 'small bets for big returns', high risk, high volatility. The ones who truly survive rely not on 'divine skills', but on mindset and discipline.
1. Stop-loss is the norm
A single stop-loss is not the end of the world; the key is how you respond. Some people lose and rush to 'recoup', leading to even greater losses; others stop immediately to review, which allows them to hit the brakes in time. If you have consecutive stop-losses more than 2 times, you must shut down for the day; don’t bet against the market.
2. Don’t believe in 'doubling in three days'
Just lost a trade and want to heavily invest to recover? Nine times out of ten, you will get liquidated. Making money in contracts relies on steady profits, like running a red light; you might get lucky occasionally, but long-term it will lead to trouble. Earning 3% every day is much better than aimlessly fiddling around in the long run.
3. Go with the trend
If you don’t understand the trend, don’t make a move. Trying to guess the top in a one-sided uptrend or stubbornly bottom fishing in a downtrend — that’s not confidence, it’s a hard clash. Once a trend is formed, it’s like a flood coming down; operating against the trend will eventually get you overturned. Wait for clear signals before entering; it’s not embarrassing.
4. Calculate the risk-reward ratio first
A single trade might earn 100U but could lose 200U; avoid such trades. It should at least reach 'earn 2 lose 1' to be worth the risk. In contracts, the probability of 'what if it makes money' usually skews towards losses.
5. Trade less
Beginners fail because they are 'too active', while veterans win by 'being lazy'. Making seven or eight trades a day may seem busy, but you’re just paying fees to the exchange. 90% of the fluctuations are noise; there are only one or two opportunities to make big money in a week. Resisting the urge to trade is better than anything else.
6. Only earn money you understand
Some rely on MACD, others on trend lines; everyone has their own method. Don’t envy others catching limit-up; that’s within their understanding. If you haven’t mastered your own trading model, blindly following trends will only lead to losses.
7. Don’t hold onto losing trades
Holding onto losing trades is the fuse for liquidation. Thinking 'just wait a bit longer to break even', you could go from a 5% loss to a 50% loss, ultimately getting forcibly liquidated. The stop-loss line is your escape route; when it hits, cut it off without hesitation.
8. Maintain discipline even when profitable
Just because you’ve made a few trades doesn’t mean you’re a master; starting to increase your position, randomly changing strategies, or staying up late to gamble on market movements — at this point, the market often gives you a slap. Maintaining discipline after making money is the key to surviving in the long term. $BTC
