How can I achieve stable income in the contract market?
1. Maintain a stable mindset. When I first started trading contracts, I divided 10,000 into 5 parts, each part being 2,000 R. I operated one part at a time. In the lowest points, I lost 4 parts, telling myself that if I lost the fifth part, I would stop trading. I needed to play the last part cautiously.
2. Always summarize your experiences. From the four parts I lost earlier, my personal takeaway is to never be greedy. This is a well-known issue. When I first saw the contract cryptocurrency I bought increase by 5 times and was reluctant to sell, the next day it plummeted and was forcibly liquidated... I regretted my greed..
3. Learn to take profits and cut losses in time. Set a target. I usually choose two cryptocurrencies from popular sectors or among the top 10 by trading volume, generally aiming to buy when the price drops by 5%-8% from the value at 10 AM that day, and withdraw when it doubles.
4. Reserve enough margin. Trading contracts can lead to losses, so please make sure to reserve enough margin. I usually reserve 1/3 of the margin to withstand small fluctuations.
5. Lastly, I generally take 3/5 of the profits I make from trading contracts to buy platform tokens or other mainstream cryptocurrencies, while continuing to invest the remainder in contracts. Buying platform tokens is to increase my risk resistance.
In summary, for those who are courageous and strategic, nothing is impossible in the crypto world. From novices to experts, everyone can write their own legend. Of course, behind the legend lies rational strategy and strict discipline—harboring dreams, being grounded, using tools wisely, controlling risks strictly, and with a bit of luck, ordinary people also have the chance to stand out in contract trading and create amazing returns. The door of opportunity is always open for those who dare to dream and strive. The ultimate definition of a winner in the crypto world is not just making a fortune in exchanges, but being able to turn paper profits into cash in hand, fully embracing the life of their dreams!
Avoid emotional trading; always analyze calmly at any moment. There are always opportunities in the market, and ensuring the safety of the principal is the priority.
