Do you know how to play short-term contracts? What skills are needed?
The secret to short-term contracts is speed, accuracy, and decisiveness.
Although it seems simple, it actually involves many factors.
First, technical analysis must be solid. Whether you use MACD, Bollinger Bands, or pure candlestick analysis, your analysis must be based on objective data, not blind subjective guessing or wishful thinking.
Second, risk control! You must manage your positions well. With a full position, use at most 2x leverage. The contract market is not about how much you can earn in one wave or several waves, but rather, who can survive the longest. A steady approach is key.
Third, mindset issues! Many people open positions, and if they incur a loss or hit a stop-loss, their mindset goes awry. They constantly think about going all in to recover their losses, hoping for good luck! When you have such thoughts, you are basically on the verge of leaving this circle. Never become a gambler.
If you like contracts, enjoy studying the market, and researching techniques, click on my avatar. I share my years of experience and skills in the crypto space for free. I'm here in the community, always online, welcome to discuss and improve together.