When I first entered the crypto world, I thought contracts were just gambling.
Until I survived with a 10% position rule and made my first pot of gold.
Today, I will reveal my practical insights, especially the 3rd point, which 90% of people get wrong!
1. Survive first, then talk about making money.
What is the biggest fear in crypto contracts? Liquidation! My iron rule: always split total funds into
10 parts, for example, only use 1000U to open a position for 1WU. Even if it liquidates, it’s just a
10% cost, and as long as the mindset doesn’t collapse, there’s still a chance to turn things around.
2. Add positions when in profit, cut losses when in loss.
The truth about most people losing money: they run when they make money and hold on when they lose! My system is the opposite:
In profit: only add positions with profits when floating profits exceed 20%, never touch the principal. In loss: stop loss immediately at -5%, never average down!
(The favorite target of the manipulators is the retail investors who try to "lower the cost.")
3. Beware of the “shitcoin” trap.
90% of coins in the crypto world have no value, relying entirely on manipulators to pump and dump. My selection criteria:
Only trade mainstream contracts, never be fooled by altcoins promising “get rich overnight”;
For coins that suddenly surge more than 50%, I’d rather miss out than chase the high!
Why do I dare to add positions during a crash?
Actually, there’s a contrarian indicator hidden that allows me to profit during a major downturn.
If you enjoy contracts, like studying charts, and researching techniques, click on my avatar. I have years of experience in the crypto world to share for free. I’m waiting for you in the circle, always online, welcome to discuss and progress together.