5 Survival Tips Learned After 3 Contract Liquidations
Don't be fooled by the myth of getting rich through contracts!
I lost 80K and summarized the 'Iron Rules for Contract Survival'👇
❶ Position ≤ 5%: For 10K USDT, the maximum position is 500 USDT; no matter how low the leverage, stick to this rule
❷ Always Set Stop Loss: Like wearing a seatbelt!
Cut losses at 50% drop immediately, don't wait until it hits zero to cry
❸ Stay Away from Shitcoins Contracts: Coins with market cap < 100 million
Liquidity is so bad you'll want to smash your keyboard
❹ Only Trade Mainstream Coins: BTC/ETH contracts are for beginners!
❺ Don't Trade at Night: The market at midnight is like a rollercoaster
I once got liquidated 3 times in one night because of this
Now DM 'Survival' to receive the 'Contract Position Management Checklist'
If you're still confused about how to control your position, click on my profile to discuss together