You might not know how to trade contracts at all!!!

If you are currently in a losing position with contracts, then you need to read this article carefully. Please make sure to follow these points to ensure you can achieve profitability.

1. Learn to take profits and cut losses

This has been mentioned many times. The market changes rapidly; you must learn this. It's not that difficult. Taking profits is about controlling your greed. A cryptocurrency won't rise indefinitely, nor will it fall continuously; there are cycles. Therefore, taking profits becomes especially important. Don't say you closed your position too early and missed out on later profits. You need to remember that the money in the crypto world is infinite, but the money in your account can run out.

Cutting losses means giving up sunk costs, which is also difficult. Do you think just holding on to a position can reverse your losses? Don't think that way. If you're wrong, you have to admit it. Taking hits while standing tall may be painful, but it can truly save your life.

2. Don't trade frequently

This is a big taboo. Are you always thinking about making money on both sides? Wake up, very few people can do that. Be content if you can profit from one side. Another point is the transaction fees. It's fine with low leverage, but it's tough with high leverage. When you open a position, you lose 1-2 points of profit immediately. You need to ensure that this trade can make money; otherwise, it's meaningless to open it.

3. Learn to stay out of the market

When you don’t understand the market, don’t open a position. You might say that missing a market opportunity feels bad. So I have to ask you, which feels worse: missing out or losing money? Opening a position without understanding the market is akin to gambling.

Trading is about having a probabilistic advantage. No one can accurately predict whether it will go up or down. The market changes too quickly; you can only say that there is a high probability it will either rise or fall.

4. Progress gradually

Don’t think you can become wealthy overnight; this is a gradual process.

The crypto market won’t make you rich instantly. For example, if you use a capital of 100 and go long with 10x leverage, your position will be 1000. If it rises by one point, you earn 10 dollars; if it rises by two points, you earn 20. That’s enough for a breakfast, right? Nowadays, a factory job pays about 15 dollars an hour. If you open three or four trades a day with a win rate of 60-70%, isn’t that more comfortable than working in a factory?

Make 8000 USDT in a single trade, follow Brother Jie, and eat nine meals a day! How much you earn is up to you, but I only give you this opportunity once. If you want to get on board, hurry up; don’t wait until others have made their profits and then regret it!

The market doesn’t wait for anyone; hesitation means missing out!