You might not know how to trade contracts at all!

If you incur losses in contract trading, this article is worth reading carefully. Please follow the suggestions below to ensure profitability:

Sharing insights from an experienced trader:

1. Learn to take profits and cut losses:

The market changes quickly. Taking profits controls greed, while cutting losses helps to abandon sunk costs. Remember, money in the crypto world is endless, but the money in your account can be lost completely. Ensure that each trade has reasonable volatility tolerance.

2. Avoid frequent trading:

Frequent trading not only makes it difficult to profit from both long and short positions, but also increases transaction fees. With high leverage, each trade could result in a loss of 1-2 points. Ensure that every trade can be profitable.

3. Learn to stay in cash:

Do not make trades when you cannot understand the market. Avoid blind trading. The market is unpredictable, and sometimes being in cash requires more courage than holding positions.

4. Progress step by step:

Investment is a process of gradual accumulation. Do not expect to get rich overnight; instead, gradually increase your returns through small investments and reasonable leverage.

5. Never go all in with high leverage:

High leverage carries enormous risks. Once the market reverses, it could lead to total loss. Stay rational, and do not take risks due to momentary impulses.

6. Combine theory and practice:

This is the most challenging part. Even experienced traders sometimes find it difficult to achieve this completely.

Remember, I was once a novice too, not understanding the basic rules and trading randomly. But as time went on, I understood the potential of the crypto world. I hope this article can provide you with some help and guide you to avoid detours on your journey in the crypto world.