Contract for one year, small profit of over a hundred thousand, real insights #合约交易
Last year, I entered the market with the mindset of 'taking a gamble to turn a bicycle into a motorcycle', experiencing the despair of liquidation and the joy of doubling profits. Now I've finally stabilized, and the account is slowly getting fatter (though the process felt like a roller coaster). #ETH #BTC
**To be honest, can contracts make money? Yes! But it’s definitely not easy money! Brothers who want to get rich from this, please calmly read my hard-earned insights:
1. The principal is your lifeline! Protect it!**
* **Only use spare money!** It should be the kind of money that losing it doesn’t affect your ability to eat and sleep! Never go all in, and don’t borrow money to play!
* **Position management is crucial!** I’m used to keeping a single position within 2%-5% of total funds. No matter how good the market is, don’t be greedy and increase your position to the point of losing sleep!
2. Stop loss! Stop loss! Stop loss! (Said three times!)
* Before opening a position, you must first set a stop-loss point!** This is your lifeline! Don’t fantasize about 'waiting a bit longer for it to come back'; the market is unforgiving.
* Mechanical execution! When it hits the stop-loss point, act decisively, don’t hesitate! Feeling sorry? It’s a hundred times better than liquidation!
3. Emotions are the biggest enemy!
* Don’t get carried away when making money, thinking you’re the 'chosen one'; don’t panic when losing money, wanting to go all in to recover losses. Both mindsets are extremely dangerous!
* **Establish a trading plan and stick to it!** Don’t let FOMO emotions from the market throw you off course. Turn off the community noise and focus on your own strategy.
4. Only trade in markets you understand!**
* Don’t try to catch every hot trend! Have you thoroughly researched Bitcoin and Ethereum? **Focus on 1-2 cryptocurrencies that you truly understand, and it’s more important to grasp their 'temperament'.
* **Trends are your friends. Trading against the trend? That’s a game for experts (or fools). Newbies should obediently go with the trend!
5. Continuous learning + review!**
* Candlestick charts, indicators, fundamentals... If you don’t understand, don’t play! Basic knowledge is the foundation.
Review daily/weekly!** Why did the profitable trades make money? What went wrong with the losing trades? Record! Reflect! Improve! Hard-earned lessons:
**The final truth:**
Contract risks are **extremely high, extremely high, extremely high**!** It’s not a shortcut to wealth!** It’s more like a 'high-risk, high-reward' financial playground. I share these insights not to encourage everyone to enter the market, but if you **must play**, I hope you can avoid the pits I fell into and pay less tuition.
