Just starting and don't know how to operate. If you have just 1000U, for example, divide it into 10 parts, investing 100U each time, with a suggested leverage of 20X. Newbies have a hard time controlling their mindset with too high multiples. Leave the remaining 900U in a financial account. If you lose 100U, do not think about replenishing your position. If you lose everything, the first thing you need to do is reflect and summarize, then rest for 1-2 days. Do not be afraid of missing out on opportunities; Bitcoin's volatility is always present. There are large fluctuations every month; it's about whether you are lucky enough to play. Once adjusted, divide the remaining 900U by 10 to make each part 90U, and then invest it again. This time be careful to earn back this money. Assume you earn 300U this time, keep 100U, and transfer all the remaining 200U out, which will make you feel more secure, and your mindset will improve a lot. Do not invest everything; if a black swan event occurs, you could lose everything at once. Starting over again. Objectively speaking, when doing contract trading, just start with 10X. If your direction is wrong and it drops 10%, you will be liquidated. Even for BTC, a 20% fluctuation in a year is quite normal. If you are fully invested every time, all the profits you previously made become meaningless, and in the end, everything returns to zero. Walking along the river often, no one guarantees that you will be right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is very important. Even if you have a 90% win rate, one wrong move can lead to disaster.
Learn trading knowledge, implement light position operations, and reduce losses. Most people lose money in trading because they lack understanding of the market and do not know how to control positions and manage risks. Therefore, avoid increasing positions when feeling unwell; instead, reduce or close positions. If your losses exceed 2% of total capital in a day, be cautious. When losses reach 6%, clear all losing contracts and set a break-even price for profitable contracts, then rest for at least 2-3 days. Chasing after rising prices is dangerous; do not blind chase unless market conditions are clear. Be cautious when increasing positions 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 is over, following the pyramid position method. When margin profits exceed 200%, set a take-profit on half at a 40% retracement, and the other half at a break-even price. This is to protect profits and ensure that significant gains do not turn into losses. Never trade when feeling bad, depressed, or troubled in life. If there are overall losses in the past 24 hours, you should also rest for 2-3 days. Never act against the trend, reduce trading frequency, and look for the right timing to enter the market. For correct trades, because correct decisions can continue to bring profits.
Newbie advice: Contracts are just for cutting leeks; it's best not to play with contracts.
Small funds, start positions from 30-50U.
High leverage, 20 times leverage.
Stop Loss: Set a stop loss when entering, with a stop loss of 20-30 USD.
Take Profit: Hedge take profit (profit retracement 30%, take profit strategy).
Withdraw profits; deposit starts from 500-1000 USD each time.
