Contract Survival Guide: If You Want to Live Long, Don't Use Full Margin Mode
The article is a bit long, but it contains information that is essential to understand when trading contracts. Please be patient and read on~ Most friends who trade contracts will choose the default full margin mode when opening a position. The benefit is that all contracts share margin, as long as there is money in the contract account, there is no need to pay attention to any extra operations. It is convenient, but the terrible risk has quietly arrived. Before expanding, we must first mention the basic operation of trading contracts—stop-loss. A normal trader will definitely set a stop-loss to prevent liquidation; this is a basic survival rule. If you haven't set one, please quickly understand the meaning of stop-loss. This common knowledge will not be elaborated on; here are the key points:
Understanding this article is better than following 1000 big influencers.
This article is a bit long, but it's all super valuable content. Those who can understand and implement it can avoid a lot of detours and greatly enhance their financial luck. Let's start below — 1. Don't easily follow big influencers to trade. 1. Big influencers are full-time; they can watch the sun rise at 4 AM while making trades and can escape immediately when the trend looks wrong. Ask yourself, can you respond in real time? The most likely scenario is — when you wake up in the morning and check the community and the plaza, you see a bunch of big influencers bragging about their wins, and if you impulsively enter the market, you just hit the peak of the wave, and you get stuck. Looking back at the big influencers, they have already taken profits and set stop-losses. Because your cost basis is different, the operational space is certainly different.
The weekly and monthly lines for $BTC have both closed. Let's discuss the trend: The one-sided market that started on April 7 has come to an end. Looking at it from a monthly perspective, it is indeed upward, but from a weekly perspective, it has clearly entered a correction phase, meaning that recently the direction will be downward, resulting in a back-and-forth oscillation to build a bottom. Both long and short operations should focus on intraday short positions, as the overall pattern is not suitable. Next week's trend will be assessed after this week's closing.
Whether the next few weeks will be bullish or bearish depends on the weekly closing pattern of this week. Although there is hope for a bull market, we must respect the technical aspects.
$BTC must remind of the risks, the probability of a significant adjustment at a high position needs to be taken seriously, this position definitely does not recommend buying spot, contracts should have proper stop-loss and not aim too high, consider taking opportunities to rebound around 10400.
I forgot to mention the increase in position $PENDLE . Although the volatility is high, the daily chart's low points are gradually rising each time. Looking forward to a big wave.
$HBAR will rise to form a bullish candle tomorrow morning, and there are positions to add; if it loses tonight, I absolutely will not trade it again, let's see how it goes.