From losing millions to now earning tens of millions a year;
After going bankrupt no less than ten times, I began to summarize my past experiences into lessons that I hope will be helpful to everyone;
We all know why contracts are so attractive, it's because high leverage brings you huge returns while also carrying the risk of losing everything; When you see the numbers in your account jumping around, doesn’t the pleasure of dopamine flood your entire brain!
The first step to avoid liquidation: Reasonably control leverage; high leverage may be tempting but it can also be dangerous! I suggest everyone trading mainstream coins follow my advice:
Small funds with high leverage (100X 75X) large funds with low leverage (5X 10X);
Second: Set take-profit and stop-loss: Before each trade, set your stop-loss within an acceptable loss range, if you make a mistake in each trade, you should be able to accept it, and it will not affect your next operation!
Third: Diversify funds, control positions:
Do not put all your funds into one trade; control the position of a single trade to 5-10%; if you are more confident, a position of 10-20% is fine, but remember not to exceed a 40% position!
Contract trading is full of opportunities; but the risk of liquidation is everywhere! By using low leverage, strictly setting stop-losses, reasonably managing positions, and maintaining a calm mindset, you can significantly reduce the risk of liquidation!
I hope the above experiences from Dong Ge are helpful to everyone! Follow the rhythm, see the logic clearly, so you can secure profits in the market; if you don’t know how, I am always waiting for you!
Remember; protecting your principal is always the first principle of trading!!! #爆仓数据 #爆仓了