I have been involved in futures for ten years, experiencing too many dark moments before dawn. Here are some pieces of advice for friends trading contracts:

Position management is extremely important; it could be said that success or failure hinges on it.

Generally, extreme market conditions are like the darkness before dawn, so dark that it can leave one’s mind blank, trembling all over, making it feel unreal. The market can become very extreme, capable of crushing all confidence. If you can endure it, then a bright path lies ahead.

Therefore, your position must be able to withstand this final extreme blow, so leverage must be low—low enough to sleep peacefully, low enough to remain calm no matter how the market moves.

Additionally, do not heavily invest in shoddy projects; the end of shoddy projects will likely be zero. In extreme market conditions, focus on the major bitcoin $BTC