Some crypto friends asked me how I operate contracts, today I will summarize a basic framework for everyone:
1: First buy 20%
2: If the purchase is wrong, loss of 10%, immediately cut losses, with a loss amount of 2% of the total position.
3: If the purchase is correct, profit 10%, immediately increase the position by 20%, then rise by 10%, increase the position by 20% again, and finally increase directly by 40%, expanding the victory results, and then hold as long as there is no loss of 10%.
Immediately clear the entire position if it drops by 10%.
The general central idea is like this, to minimize risks, similar to the king of speculation Livermore.
Of course, this is just a rough framework; specific implementation will definitely encounter many uncertainties.
Because the market is volatile.
I often execute this method during the trading period, and overall the effect so far is still good, but it's not a hundred percent guaranteed; it only reduces risk and increases profitability.
When trading contracts, one must adhere to a method, otherwise one can only become fodder.
