Generally, when people first enter the cryptocurrency world, they are in the secondary market.

Both major gameplay in the secondary market must have a deep understanding: spot trading and contracts.

Note: Contracts only open with Bitcoin or altcoins.

If it’s a small amount of capital, or an amount that is inconsequential if lost, like ten thousand yuan, it converts to about 1500U.

It is recommended to first take out 100U from the total, put it into the contract account, and then only open 10% for each position, with 50-100x leverage, and position by position.

If you have no understanding of trading, you can first use this 100U based on your feelings. Whether you lose or gain depends on luck. This 100U is just to let you experience how worthless money can be.

After losing this 100U, you need to start learning technical analysis.

Any kind of technical analysis is fine, or any kind of indicator, even naked candlesticks are acceptable. Learn while observing the historical candlestick chart of the asset you are trading to see the success rate of the techniques you have learned.

Once you feel that you have a deeper understanding of candlesticks and indicators, then switch to 100U. Based on what you have learned, guide your trading.

At this time, you still have both losses and gains. Most of the time, you may not be able to strictly execute operations based on what you've learned. In any case, you will soon lose that 100U again.

Next, you need to start learning trading psychology.

You need to improve your execution based on trading psychology, even through indicators and technical judgments of market sentiment.

If your learning ability is sufficient and your execution is strong enough, you can now strictly implement the technical analysis methods you have learned.

After switching to 100U, your chances of winning greatly increase, but after a while, you still managed to lose that 100U successfully.

After that, you should learn some mathematical knowledge.

The biggest difference between trading and gambling is that the win rate and profit-loss ratio can be changed through subjective initiative.

Learning techniques, studying psychological analysis, and improving execution can increase the win rate, but the profit-loss ratio is the secret to making big money in contracts.

For example, if the altcoin's hourly level is at the lowest price of 1300 within 3 days, and the price repeatedly retracts to this point and rebounds, you can seize the opportunity to reduce your position at 1302 with a stop-loss at 1295, while the historically highest rebound price is 1389. If the market moves correctly, it may even break the resistance and surge to 1400+, at this point your potential profit-loss ratio has exceeded 1:10, which is definitely a risk worth taking.

The prerequisite for capturing the profit-loss ratio is to strictly implement the stop-loss strategy.

Contracts are the best test of human nature and endurance.

For spot trading, if the capital amount is too small, what can you buy? If you invest 10,000, even if a bull market comes and it increases tenfold, and you gain seven times, how much is that? It's simply not worth your effort. If time is limited, just casually buy Bitcoin or altcoins near the bottom of a bear market.

However, how many players in the cryptocurrency world actually want to make small money?

It's that saying, if you don't know what to do in a bull market, click on my avatar, follow me, for bull market spot planning, contract secrets, and free sharing.

I need fans, you need references. It's better to focus than to guess blindly.

Currently, in a bull market, opportunities are abundant, and we share secrets every day.