Many people look for tutorials online to learn about contracts; the risk of contracts lies in high volatility leading to easy liquidation, while the benefit is high volatility allowing for large profits. Newbies often become unbalanced in the risk-reward relationship due to lack of experience and skills. To succeed, one must achieve stable profits, focusing on experience, including mindset and handling market situations. Newbies in the crypto world should enhance training, such as sticking to techniques and practicing more, starting with small amounts, treating tuition as tuition, and only increasing the opening amount after stabilizing, while also avoiding greed, as the cost of contracts in crypto is low.
Many people look for tutorials on Zhihu, YouTube, and perhaps even on WeChat. In fact, many things do not have profound techniques. For contracts, some say it's poison, while others say it's a tool for wealth. So how can one succeed in trading contracts?
Risks of contracts: high volatility, easy to get liquidated.
Benefits of contracts: high volatility, easy to make big profits.
Many newbies trade contracts without experience and skills, failing to balance the inherent relationship between risk and reward.
When you are not making stable profits, you should respect the risks of contracts, which are high and easy to get liquidated.
When you can achieve stable profits, you should be thankful for the benefits of high volatility and high returns in contracts.
Therefore, to succeed, one must achieve stable profits. As someone who has been there, let me tell you: in trading, technically, it's all about learning patterns, K-lines, and technical indicators. Are these difficult? If mastering these techniques guaranteed profit, then top students would all be trading experts.
In fact, futures, crypto, and stocks are most importantly about experience.
This experience includes: mindset, how to handle the market. How to reconcile with yourself during losses, and how to boost confidence during profits.
So realizing these, to become an expert in the crypto world from a novice, you need to strengthen the following types of training:
1. Stick to a technique or pattern, operate it thousands or tens of thousands of times.
2. Contract risks are high, easy to get liquidated. Start with 1U, set a 3% stop loss. Playing with 100U thousands of times is not an issue. Before stabilizing, contracts all have drawbacks, but after achieving stable profits, aren't they all advantages?
3. 100U is tuition, what do you want without tuition?
4. When you can avoid losses, or even make small profits, gradually increase the opening amount. 10U. 100U.
Only practice makes perfect!
If after 2 years of study, you haven't succeeded, you’ve only lost a few hundred U in capital and pursued the dream of trading. But you have learned the truths of human nature and game theory.
And it won't be like some people, who know nothing and jump in with large amounts!
Remember not to be greedy!
When it comes to trading, crypto contracts can be said to have the lowest cost.
If it's stocks, a minimum of several hundred for one lot, losing tens with one loss.
If it's futures, a minimum of thousands for one lot, losing hundreds with one loss.
In crypto contracts, you can open a position with 1U, or even 0.5U. Setting a 3% stop loss could mean losing a few dollars at a time.
With such cheap tuition, why rush? Once you learn, the world is yours, take your time.
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