In the crypto space, you must have a high-quality circle.
Can you make money trading contracts in the crypto space? The answer is yes.
Can trading contracts make you rich? The answer is yes.
The premise is that you must be that one in ten thousand person.
Making long-term stable profits through spot trading in the crypto space is extremely rare.
Achieving long-term stable profits through contracts is a rare occurrence.
In the financial market, we must have a clear understanding of our own abilities.
Just like many newcomers to the crypto space who want to invest, they only hear that contracts can earn big money and blindly believe those so-called experts and analysts.
If you are new to contracts and haven't made money, even lost some, I think that is a good thing. At least it will instill a sense of respect for the market and make you aware of fear.
What I fear is that when you don't understand anything, you might foolishly make money, and it is precisely because you made money that you fall into the abyss; often, significant losses start from making money.
Many people accidentally enter the crypto space through funding schemes. Anyone who has lost a lot of money has inevitably experienced making money first and then suffering significant losses.
This is similar to how many inexperienced investors die in a bull market; losing money in a bull market is a similar situation, because in a bear market, it is difficult for them to make money, and the probability of losing money is high, so they will not invest large amounts.
However, during a bullish market, the speed of making money will surpass your usual understanding. As the market rises, you will only feel that your initial capital is too small, daring not to increase your position at the beginning of the bull market, but increasing your investment by the end of the bull market.
Some even feel that the speed of making money is slow and the earnings are small, so they increase leverage and trade contracts in the later stages of a bull market.
Not understanding the trend, when the market corrects, you are also unwilling to cash out and leave.
Human nature is very real. The money you earn today because of a market rise can make you feel like you have lost the money you had when the market corrects tomorrow, leading to an inexplicable sense of unwillingness.
Contracts have very high requirements for trading skills, strategies, and mentality. Even if you can achieve these to the extreme, you still have to overcome the weaknesses of human nature, which are greed and fear.
New entrants to the crypto space want to make money by seizing opportunities in the blockchain industry; they are here to make money, not to suffer in the crypto space.
Once you become obsessed with contracts, no matter what you do in your daily life, your first thought is always about the market, leading to poor eating and sleeping habits, even waking up in the middle of the night to watch the market.
Who says that market movements in the crypto space usually happen in the early hours?
I have never said that contracts are bad; I do not reject contracts, but contracts are really not suitable for most people.
Especially for those who can't even read market trends and have no effective trading strategy or good mentality.
Take me as an example; I used to like trading contracts, often facing liquidation, and I didn't like to set stop losses. Liquidation is stop loss; it's either the dealer or me that dies, but the result is that the dealer is always fine while I perish each time.
After systematic learning, my winning rate for contracts has greatly increased, but now I hardly trade contracts. Isn't that strange?
I can share my experiences of learning and practicing contracts. If you are willing to do contracts, you will understand.
First, you practice continuously for a year with 100U, using a one-layer position with 20x leverage to trade.
At the end of each month, regardless of profit or loss, summarize and review. Throughout this year, if any month incurs a loss, the previously accumulated months do not count, and you start over.
Only when there are 12 consecutive months of profit can you start the next skill.
Then use 10,000 as your capital, unlock positions, and do not limit yourself to one layer of positions. Unlock leverage, even if you max out at 125 times, that's fine.
If you continue trading for another six months and experience any losses during this process, immediately return to the previous stage and continue operating with a 100U one-layer position.
If you can achieve these, I believe you will gain significantly on your trading journey with contracts.
Don't think my liquidation is due to insufficient margin; there have been many large liquidations.
Is it because they have poor skills, bad strategies, or insufficient understanding and mentality? None of these; the end of contracts is a struggle against human nature.
The end of contracts is zero. My current winning rate for contracts has reached over 80%, but I rarely play them because I know how to make choices.
I have also seen too many people around me go from making money to losing money.
I don’t want this to happen to those who are fortunate enough to see my article. Previous experiences are vivid in my mind.
The biggest enemy in a bull market is contracts. Don't give away the little bit of chips you have before the bull market starts.
In the later stages, how much the bull market rises will no longer matter to you.
A person's capacity and understanding must match their wealth; if they do not match, it can only be fleeting.
All investors who want to enter the crypto space now or in the future should maintain an empty cup mentality. Even if I only invest 10,000, as long as I have 12,000 when I clear my position, that is a 20% profit. Don't look down on this; it is much better than only thinking about making money and ending up losing money.
If you have the skill to make money, the market will never lack opportunities.
Without the ability to make money, no matter how many opportunities there are, you may not be able to seize them.
To seize the next bull market in the crypto space and achieve good results, we must strive to improve our understanding and money-making abilities through learning to enhance our capacity for wealth.
It’s not that just because you think the timing is right, you will definitely make money. If wealth could be so easily obtained in the crypto space, then most people wouldn't be losing money.
