If you have a lot of money, just save it to earn interest, or invest, or buy gold. Just don't come to the crypto world.
If you're going to play, play with spot, not contracts. If you must trade contracts, stick to mainstream ones, and keep the leverage low—3, 5, 10. Don't go for 20 times, 50 times, or 100 times.
Especially with contracts, especially with high leverage, it's all gambling. Frequent trading results in zero.
The time period with significant volatility is from 5 PM to 8 AM the next day.
Repeated liquidations will lead to repeatedly adding money. This vicious cycle cannot be controlled. To avoid liquidation, you think about adding margin, which leads to increasing positions to lower the average price, but the final result is still the same: zero.
At the beginning, I knew nothing. I saw mainstream recommendations and casually bought some spot assets. The next day, I saw it had risen by 20%. Later, I got into contracts, not even looking at the market, just opening long and short positions based on the minute K-line chart. At first, my leverage might be small, maybe just the system's recommended 3 times. I made money on several trades, so I raised my leverage, step by step, to 20 times, 50 times, 100 times. My returns quickly grew by 20% to 50%. I thought making money was too easy, had no risk awareness, and no position management. Finally, during one trade, I instantly got liquidated. All the money I had previously made was sent back to the exchange.
The more greedy you are, the faster you lose. Manage your positions well, set take-profit and stop-loss levels, and trade according to the trend.
Instead of blindly exploring on your own and missing the best entry and exit points, leading to losses, it's better to follow Sister Xin's strategy!
