【Contract Exploded】 #复盘
Today was very painful. A few days ago, the bull market rose quite a bit, and I started trading contracts. I initially made a lot of money, watching the so-called experts in the square brag about coins, so I leveraged my position, but didn’t expect it to be a total loss!
【Contract Summary】
If the holding period needs to go overnight, leverage should not exceed three times. Unless using algorithmic trading, which can crazily control stop-losses.
If the contract exceeds three times leverage, it must be monitored in real-time, or through program monitoring. It’s better to use a partial position rather than full position; if there’s a misjudgment on the same day, immediately stop-loss and take profit, so you can sleep peacefully.
Always assess the retracement risks of BTC and ETH! Don’t believe the coin hype in the square! This time the losses were severe! Those who hype coins show off their results during bull markets; if they have the ability, let’s see their profit curves over more than six months! It’s all a scam!
But don’t lose confidence; don’t just look at the minute chart and think you’ve found the bottom for a rebound. It’s still possible to enter when the daily and weekly charts show the formation of a bottom and a breakout. Warren Buffett and Charlie Munger said, if there’s a one in a million chance that an empty gun has a bullet, no matter how much you give him, he wouldn’t want to point it at his head. Many smart people fail here; that’s how the Long-Term Capital Management company founded by a Nobel Prize-winning economist went bankrupt to zero. I learned a lesson today.
To truly catch the bottom, besides waiting for a breakout from the weekly bottom formation, it’s also worthwhile to look at the contract liquidation map. Consider entering only after a breakout that exceeds the six-month high!
I am Bit Liu, follow me for continuous improvement!
Experts are welcome to provide guidance! Recommendations for truly skilled individuals to mentor or collaborate are also welcome.
