Keep going, keep going!

#IP Many novice traders wake up one day to find that their positions are gone, as they were automatically liquidated. For coins that suddenly spike, sometimes your stop loss won't be enough to prevent a liquidation. Friends and beautiful people around me have also lost a lot of money due to liquidation, and it’s heartbreaking to hear. I can't offer much advice on other matters, but after doing contracts for so long, I have some life-saving insights.
First: The moment you open a position, you must set a stop-loss level. Whether it's low leverage or high leverage, if the price breaches your psychological tolerance level, you must set a stop-loss. This is a life-saving strategy that allows you to survive in the market. While some people prefer to hold on, and sometimes they can recover, I do not advocate for this. If you're on the wrong side, taking a stop loss is necessary; learning to set stop losses will prolong your trading life. Holding on just once when you're wrong can wipe you out completely; I hope those who haven't experienced this pain never have to.
Second: If you're using full margin for contracts, only open one or two positions at a time. Opening too many can lead to inaccurate liquidation prices. If a coin plummets or spikes in the opposite direction, it can trigger liquidation on other positions. For every penny you lose, the liquidation point will change. Generally, you’ll see that when I open positions, I usually only open one; I rarely open two or three. Normally, I only have one position, and I'm not greedy. If you want to open multiple positions, please choose isolated margin, but I don't like isolated margin for scalping.