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Newbie's Guide to Avoiding Pitfalls in Cryptocurrency Contracts: The First Lesson to Survive
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Newbie's Guide to Avoiding Pitfalls in Cryptocurrency Contracts: The First Lesson to Survive
Want to get into contract trading? Stay calm first! This is the fastest way to achieve wealth reversal in the cryptocurrency world, but the direction could lead to zero. Today, I will share some basic knowledge and hard-learned lessons to help you recognize risks. This is by no means investment advice!
1. Basic Understanding: First, understand the rules, then talk about making money
1. Perpetual contracts are mainstream: No expiration date, flexible operation, but risks also persist. Newbies should start by understanding it.
2. Leverage is a double-edged sword: 🚨 This is the core risk! It can amplify profits but can also instantly consume your capital. Newbies must start with low leverage (such as within 5x) to deeply feel its power.
3. Stop-loss is a lifeline: Always set a stop-loss when opening a position! This is the only way to control the maximum loss on a single trade and protect your capital. Not setting a stop-loss is like driving without a seatbelt.
4. Platform choice is key: Safety first! Prefer mainstream platforms with good reputations and large scales. Small platforms have a very high risk of running away; do not lose big due to low fees.
2. Risk Management: Discipline is more important than technology
· Refuse to hold positions: Don't fantasize that the market will turn around when you're losing; decisively stop-loss. Preserving capital is always the top priority.
· Stay away from high leverage: High leverage is the “highway” to liquidation; data shows its liquidation rate is extremely high. Restrain greed!
· Never go all-in: No matter how optimistic you are, you must diversify your positions and keep enough reserves. The market is unpredictable; leave yourself an exit.
3. Absolute Red Line: Touching it easily leads to liquidation
· Avoid explosive “meme coins”: Currencies that spike unusually are often traps and can easily make you a bag holder.
· Eliminate no-stop-loss trading: This is extremely irresponsible behavior towards capital.
· Do not blindly chase highs and sell lows: Emotional trading is the root of losses.
Final reminder: Contract trading carries extremely high risks and may lead to total loss of capital. This article is solely for knowledge dissemination, and not investment advice. Be sure to study deeply and make independent decisions before entering the market, and be responsible for every penny of yours.
#币安HODLer空投TURTLE #市场过度杠杆已被出清

#美联储支付创新大会 The journey of investing in the cryptocurrency world is like playing Monopoly, often there is a gap between plans and reality!

In this round of operations, I originally hoped to profit through a long position, but unfortunately encountered a trapped position. In the evening, I tried a small position to test the market, but the strategy did not work, resulting in a slight loss of 2200u. Although there was a loss, my mindset was not affected, and I firmly believe that the next trade can turn the losses into profits!

Currently, the account balance is maintained at the level of 68542u, and I am cautiously assessing the market to prepare for the next stage of layout.

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