From 1,000 yuan to 100,000, I relied on contract trading to uncover the secret to getting rich. These 5 life-saving rules have saved my life 3 times.
Contract trading is ten thousand times more thrilling than hoarding coins; either your account gains a few zeros overnight or it goes to zero right at the opening. I've seen too many people turn a few thousand into 990,000, only to face the tragedy of wiping out their account on the last trade.
Back then, I only had 1,000 yuan left for meals, and I managed to roll it into 100,000 in 3 months through contract trading. But today, I don't want to talk about 'getting rich'; I want to discuss how to dance on the edge of a knife and walk away with profits.
5 life-saving rules that have saved my life 3 times
1. Leverage control, never go heavy
The most deadly aspect of contract trading is high leverage. Beginners often gamble with 10x or 20x leverage, but it can lead to total liquidation within minutes. Remember, the higher the leverage, the greater the risk. I haven't used more than 3x leverage in three years; rolling slowly allows me to survive longer than others.
2. Set stop-losses, don’t procrastinate
Always set clear stop-losses for each trade. By controlling the risk of loss, you can seize more profit opportunities. Be decisive with stop-losses; don’t think about holding on for a market rebound. Delaying a stop-loss will ultimately cost you all your principal.
3. Use profits to increase position, never touch the principal
Profits are your 'military funds'; use the money you earn to increase your position, never touch the principal. If you lose and then earn back, only then do you have a chance to turn things around. Remember, the essence of contract trading is 'earning money with market funds'; the principal should always remain untouched.
4. Position control, always leave some firepower
Don’t put all your funds into one trade; keep enough firepower to respond to any market reversal. I never invest 100% of my funds in one direction; the steadier the position, the more opportunities you have.
5. Maintain a steady mindset, don’t be swayed by market fluctuations
The contract market changes rapidly; staying calm is key. Whenever you see wild price swings, never act impulsively. Analyze rationally, follow the trend, and don’t let emotions lead you astray.
If you want to know more about cryptocurrency news, and want to understand the direction of the next market wave, keep up with the pace of the market and profit!!!
