Beginner's Contract Trading Tips, A Must-Read for Newbies!!

Understand this article, and newbies can make millions!!

Recently, many fans have mentioned that they are just starting and don't know how to operate.

In fact, many fans come in with funds of just under 1000U, asking me for good strategies.

Today I will share my advice: for example, if you have 1000U, divide it into 10 parts, and invest 100U each time, I recommend a leverage of 20X. Newbies have a hard time controlling their mindset with too high a multiple. The remaining 900U should be placed in a wealth management account. If you lose 100U, you must not think about averaging down. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don’t be afraid of missing out on market movements; Bitcoin’s volatility can happen at any time. There are big fluctuations every month; whether there are many opportunities depends on your luck. Once you’ve adjusted, take the remaining 900U and divide it by 10 to make each part 90U, and then invest again. This time be more cautious and try to earn back the money. Suppose you make 300U this time, keep 100U, and transfer all the remaining 200U out. This way, you’ll feel more at ease, and your mindset will at least improve a lot. Never invest everything at once; if a black swan event occurs, you could lose it all in one go and have to start over. Objectively speaking, for contract trading, just using 10X leverage is enough. If you’re wrong about the direction and it drops by 10%, you’ll get liquidated; and even with BTC, a 20% fluctuation in a year is very normal. If you always go in full margin, then no matter how much you earn before, it becomes meaningless, and you’ll end up at zero. Walking by the river, no one can guarantee that they’ll be right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is very important. Even if you have a 90% win rate, making one mistake can lead to irreversible losses.

Daily trading, continuously profitable. For friends who are confused about trading and want to make profits, get on board quickly.