Surprise! Master these seven skills, contract trading will be liquidated? Almost non-existent
Brothers and sisters who like to do contracts, if you want to avoid liquidation, you must remember the following points:
Don't think about getting rich or losing all at once. Cryptocurrency trading fluctuates greatly, and high leverage has higher risks. 90% of the time, you may be liquidated. Keep your mind steady and take your time!
After continuous losses, don't rush to place a large order to get your money back. The more anxious you are, the more money you lose. Calm down, adjust your mindset and then make a move.
Borrowing money to trade cryptocurrencies is stressful, and you are reluctant to stop losses. In the end, you may even lose all your principal. Use your own money, and your mentality will be more stable and your operations will be more relaxed.
Don't rush in when you see the market rising, and don't look at the support and resistance levels. If you enter, you will lose money. Make a good trading plan and see the market clearly before making a move.
The transaction fee is not cheap, and the principal of frequent transactions is given to the exchange. Be patient and wait for opportunities and strike accurately.
Fund management is very important. You must ensure that the funds can be traded continuously in the market, and don't lose all at once. Allocate funds reasonably and invest steadily.
You have to make a trading plan, it can make you win more and lose less in the market. For example, take out 1% of your account funds to open a small order each time, increase your position when the market is good, and stop loss in time when it is bad. In the long run, minimize losses and maximize profits, and your account will be able to gain a firm foothold in the market!
