The Binance event contract allows traders to predict specific outcomes of future cryptocurrency prices. Each contract represents a trader's prediction of 'yes' or 'no' regarding a certain event outcome. If the trader's prediction is correct, they will receive a bonus; if the prediction is wrong, they will incur a limited loss based on the contract expenditure.
In simple terms, it’s just about predicting up or down.
Unlike regular contracts, this one looks at a fixed time period and chooses a specific time, with no limit prices involved. The increase itself is calculated to be nearly a thousand times.
My real feelings and insights:
Maintain reverence
Don’t believe in the toxic soup of 'get rich overnight'
The market always moves faster than emotions
Contracts are a game of probability, not an ATM
Position management > Technical analysis
Single opening position ≤ 5% of capital
Every trade must have a stop-loss
Remember: Staying alive gives you a chance to turn around
Reject the 'gambler's mentality'
Don’t rush to add more when losing
Taking profits requires more courage than cutting losses
Be satisfied once you’ve caught a fish
Don’t always think about eating from start to finish
Finally, a heartfelt suggestion:
Only invest spare money to maintain a stable mindset
The market is always there
But the capital may not be