How to play contracts for novices!

1. Summary of trading skills for cryptocurrency contracts Short-term cryptocurrency trading: It is very common in contract trading and is often the choice of newcomers entering the cryptocurrency circle. However, this method is quite risky, and profits depend on luck, and profits are often difficult to make up for a single loss.

2. Stop profit and stop loss: It is of great significance to contract trading. The market fluctuates violently and prices change rapidly. Setting stop loss can close positions in time when the market is unfavorable to avoid major losses; reasonable stop profit can ensure profits, prevent market reversals from causing profit loss, and effectively control the profit level. 3. Disciplined trading: Contract trading is easily affected by emotions such as greed and fear, which is a key factor in causing losses. Set stop profit and stop loss before each entry to maintain a stable trading rhythm and reduce the interference of emotions on decision-making. Make a trading plan, limit the number of daily transactions, and avoid falling into the dilemma of losing more and more due to the rush to recover losses.

4. Analyze the market: The cryptocurrency market is divided into unilateral and oscillating markets. Weekends are usually dominated by volatile markets, which are not suitable for long-term operations. If there is a profit, you should leave the market in time; unilateral market conditions will appear in specific periods of time, which is an ideal trading opportunity. You can buy on dips and sell on rallies to obtain higher profits.

5. Analyze trends: It is crucial to accurately judge the trend. By observing the daily and weekly lines of the K-line, you can judge whether the price trend in a period of time is rising or falling. Avoid chasing ups and downs to prevent losses and eventually leaving the market.

6. Position management and leverage skills: Position management cannot be ignored in contract trading. For example, when the account funds are 1,000, it is more appropriate to maintain the margin rate of 5%-10%, that is, 50-100, which can reduce the risk of liquidation. The size of the leverage needs to be determined according to the market. Fast-in and fast-out transactions can use high leverage to improve capital utilization and profit speed, but when the profit rate reaches 20%-50%, it should be stopped in time, because the market changes quickly and greed should be restrained. The general principle is to use high leverage for short-term and low leverage for long-term.

If anyone is confused by market fluctuations, does not know how to deal with the situation of being trapped, or feels that they have been misled during the operation, welcome to communicate! #市场清算 #XRP看涨还是看跌？ $SOL $BTC