Trading Experience Sharing: Pay less tuition, earn more profits (A must-read for beginners) Main text:

Hello everyone, as a veteran player who has stumbled through spot trading, contracts, incremental trading, and full position trading, I would like to share some personal experiences today in hopes of helping newcomers avoid detours and pay less tuition. After all, no one's money comes from thin air.

1. What to play? Steady or Exciting? • Stable play: It is recommended to start with low leverage, and consider high leverage only after paying a few tuition fees.

• Exciting Trading: Those who enjoy risk can play contracts, but remember, a pure gambler's mentality with 75-125x leverage carries extremely high risks, use with caution!

• Rolling dice to guess high or low: Try to avoid this type of event contract. If you can really guess correctly, why not directly use 125x leverage? But the reality is that the outcome is often zero.

2. Incremental Trading vs. Full Position • Incremental Trading: Only the current position is liquidated, suitable for situations where your funds significantly impact your life. Even if you face liquidation, other funds will not be affected; as long as you have resources left, you will not run out of options.

• Full Position: It may lead to liquidation of all positions, but the benefit is that it can widen the liquidation point. Suitable for players for whom the funds do not significantly impact their life.

• Example: You have 1000 yuan and use 200 yuan for incremental trading. Even if you face a liquidation, you still have 800 yuan to make a comeback. Incremental trading multiple times is better than going all in at once.

3. Always set stop-loss • High leverage forced liquidation fees: It is extraordinarily high and the calculation formula is complex, involving multiple variables.

• Actual liquidation point: Theoretically, a 100% increase doubles your investment, while a 100% drop leads to liquidation, but in reality, forced liquidation fees and leverage can cause you to face liquidation with just a 0.55% drop.

• Stop-loss suggestions: Even setting a 50% stop-loss is better than not setting one at all, as it can at least save you 45% of the forced liquidation fees. 4. Use one-click reversal with caution.

• Risks: One-click reversal is usually used at what you think is the top or bottom, but the market often proves you wrong. During severe fluctuations, a delay of 0.1 seconds can result in liquidation.

• Recommendation: Do not rely on one-click reversal; manual operation is more reliable.

5. Transaction Fees • Hidden Costs: Transaction fees are not just the publicly stated 0.08% or 0.1%; opening positions, closing positions, market trades, holding time, etc., will incur additional costs. • Reminder: Be sure to understand all fees before trading to avoid hidden costs eating into your profits.

6. Risk Control • Loss and Recovery: A 10% loss requires an 11.1% gain to break even, a 50% loss requires doubling, and a 90% loss requires a tenfold gain! • Recommendation: Do not enter blindly, and avoid using all your funds with high leverage. Even in a one-sided market, small fluctuations can lead to liquidation.

7. Operational Skills • Small funds use incremental trading, large funds use light positions: When using small funds, incremental trading is advisable, while for large funds, it is recommended to reduce leverage and control risks with lighter positions. • If the momentum is wrong, decisively cut losses: A 10% drop may still allow for recovery, but a drop of over 50% increases the difficulty of recovery exponentially. • Do not try to catch the bottom or the top: The switch between highs and lows is rapid, making it easy to face liquidation. Getting in halfway is more reliable. • Reduce frequent trading: Frequent operations can easily lead to mistakes and loss of rationality. • Even in a one-sided market, there can be rebounds: Recognize the one-sided market, but also wait for a rebound at the high point before entering. • Take profits when you can: Floating profits are floating profits; at the very least, sell off part of the principal and profits, keeping some to continue the game.

8. Mindset Management • Do not stubbornly hold on: If the market is not favorable, endure the pain and cut losses; as long as you have resources left, you will not run out of options. • Do not be greedy: The market changes rapidly; one moment you may have floating profits several times over, the next moment you could stop loss and exit. • Stay calm: The hardest part of trading is not the technique but the mindset. Emotional trading is the root cause of losses. Conclusion:

The experiences I shared today are lessons I learned with real money. I hope everyone can avoid detours and pay less tuition in trading. Trading is a practice; staying calm and controlling risks is essential for long-term survival in the market.

If you find this helpful, feel free to share it with more friends. If you have different opinions, rational discussions are also welcome, after all, the market is ever-changing, and everyone's experience is worth learning from.