If you have a lot of money, just save it and earn interest, or invest, or buy gold; just don’t come to the crypto world.
Play with spot trading, don’t play with contracts. If you must trade contracts, stick to mainstream options, and keep the leverage low at 3, 5, or 10; avoid 20x, 50x, or 100x.
Especially with contracts, especially with high leverage, it’s all gambling; frequent trades often lead to zero.
Periods of high volatility are from 5 PM to 8 AM the next day.
Repeated liquidation leads to repeated injections of capital; this death spiral can’t be controlled. To avoid liquidation, one thinks of adding margin, which will lower the average cost, but the outcome is still the same: zero.
At first, I understood nothing. I saw recommendations for mainstream assets and casually bought some spot assets. The next day, I saw a direct 20% increase. Later, I got into contracts, completely ignoring market trends, and based my trades solely on minute K-line charts; initially, my leverage was probably low, maybe the system recommended 3x. I made money on several trades at first, so I increased the leverage step by step to 20x, 50x, 100x. My returns skyrocketed by 20% to 50%, and I thought money was coming too easily, without any risk awareness or position management, until one day, I opened a position and instantly got liquidated. All the money I had earned before went right back to the exchange.
The greedier you are, the faster you lose. Manage your positions well, set profit and loss limits, and trade with the trend.
But Xian Ge is really relying on contracts to turn his fortunes around, hahaha.
If you want to seize this bull market, learning on the fly will definitely be too late; it’s best if someone can guide you quickly.
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Teaching a man to fish is better than giving him a fish.