First, you definitely need to trade contracts because contracts allow both long and short positions. It's very difficult to trade spot; when the market is bad, you can only watch. How to trade contracts? Follow the method I described.
Step One: First, let’s talk about position management. The total position for building should be a maximum of 6%, with 100 times leverage. It can be divided into three scenarios: one is 1-2-3 add and reduce positions, the second is 1-1-4 add and reduce positions, and the third is 1.5-1.5-3.
Add and reduce positions. How to apply this add and reduce strategy? We will discuss it later, so please be patient and read on.
Step Two: Only trade Bitcoin or occasionally trade Ethereum. First, amplify the leverage to 100 times. Taking 1-2/3 as an example, suppose we short or go long on Bitcoin, we initially open a 1% position with 100 times leverage, meaning if you have 500 U, you are only opening 5 U. If Bitcoin incurs a floating loss of 200%-300%, you can add another 2%. Normally, there will be a rebound, and when you break even, you can reduce the added 2% or 1%, and hold the rest. If extreme market conditions or critical support arise, you can stop loss entirely, so the entry point is very important.
Step Three: Taking profits is also very important. How is the best way to take profits? When we have a floating profit of 200%, we only need to take profits on half, leaving the other half to capture larger profits. First, we should maintain at least a 1% profit daily; Bitcoin fluctuating 1% daily is quite easy, right? Even on weekends, it often has a 1% fluctuation. When our floating profit reaches 300% or 400%, we can take profits on the remaining half position. At this point, can this help us achieve a larger monthly return? If profits revert to a floating profit of 200%, it doesn't matter; that order has still completed a 2% profit.
This is a contract strategy that earns 65,000 U annually with a monthly return of 50% on 500 U. Since this is expressed in words, there may be some omissions, and you can follow Black Panther for further discussions. As long as you stick to this trading system, even with a monthly return of 30%, the compounding over a year would yield 11,600 U. We trade contracts to make money; if you prefer high-risk rolling positions, just ignore what I said. If you like monthly compounding, you can take inspiration from this. Follow Black Panther, and if you don't understand how to operate practically, we can discuss it together!