Contract Trading 'Survival' Guide, Remember to Avoid Pitfalls
If you want to venture into the high-risk 'battlefield' of contracts, everyone must engrave the following key points into their bones, as they are of utmost importance!
1. Don’t panic after cutting losses: Trading contracts is essentially betting small to gain big; experiencing losses is completely normal. After cutting losses, some people impatiently rush to open new positions, hoping to recover immediately; others wisely pause and enter a cooling-off period. Take advice: if you frequently cut losses, don’t get overexcited; stop immediately, settle your thoughts, review your strategy for flaws, and recklessly opening positions will only lead to deeper troubles.
2. Abandon the pursuit of quick gains: Trading is not a means to profit overnight. Getting anxious after a loss, heavily leveraging, and hastily opening new positions are common mistakes for beginners. Remember, maintaining a steady mindset is key; wealth accumulation relies on steady streams, and you can't rush to eat hot tofu.
In the crypto space, if you manage your positions well, you'll outperform the vast majority of people. Here are two position management methods: 1. Left-side position management 2.3.5 (1) Don't use all your bullets at once; buy in batches. (2) You can divide your funds into several parts; when you're uncertain about the bottom, buying in batches is the most suitable way to average the cost price. (3) Adding positions should be flexibly handled according to market changes; don't add positions too frequently because that can negatively affect the cost averaging. Entering 20%, 30%, or 50% is suitable for aggressive investors who are keen on bottom fishing. (4) Start with a relatively small investment; if the coin price doesn't rise and continues to fall, gradually increase your position with larger proportions to dilute the cost. This method has a smaller initial risk; the higher the funnel, the more considerable the profit. 2. Right-side position management 3.3.2.2 (1) Buy 1: When the 5-day moving average crosses above the 10-day moving average, increase by 30% of your position. (2) Buy 2: When the coin price effectively breaks through the lifeline, continue to add 30% of your position when it retraces to the lifeline, ensuring that the total position at the beginning of the upward trend reaches 60%. (3) Buy 3: When it breaks through the neck line or other important resistance levels, retraces and stabilizes again, indicating that the reversal upward pattern is established, add another 20% to your position. The total position should reach 80%, holding coins for the rise. (4) Buy 4: When the coin price is above the lifeline and the 5-day moving average crosses above the 10-day moving average again, it is a typical signal to step on the gas for accelerated upward movement. At this point, you should also buy the remaining 20% promptly to maximize profits.
The stock market is like a bad boyfriend, the crypto world is like a business K Once a bad boyfriend is gone, he never returns Business K always makes people linger and forget to leave If you don't know what Business K is, I posted a bunch in the group to let everyone get to know it, hahahahaha
Can you turn 2000 yuan into 30 million? Let me share some practical advice! The core idea is this: use contract trading to amplify returns! But don’t rush in; first, convert this 2000 yuan into 300U (about 300 dollars), and let’s proceed in two steps: Step one: Start with a small capital and snowball (300U→1100U) Each time take out 100U to play, focusing on the hottest coins recently. Remember two things: ① Run away when you double your money (for example, if 100 becomes 200, immediately cash out) ② Cut losses when it drops to 50U. If luck is good and you win three times in a row, you can roll to 800U (100→200→400→800). But take profits quickly! Play a maximum of three rounds, and stop when you reach around 1100U. At this stage, it’s largely about luck, so don’t be greedy!
The more you know about trading cryptocurrencies, the less daring you become. Taking action is the reward.
Having come this far and undergone trials, I have accumulated valuable experience. Here, I share some key insights, hoping to inspire everyone: 1. Capital management is the key to success Divide your capital into five equal parts; only use one-fifth each time and set strict stop-losses. Each trade loss should not exceed 10%, and total capital loss should be controlled within 2%. Even with five consecutive mistakes, the total loss would only be 10%, but as long as you seize one opportunity, profits can easily offset the losses. 2. Follow the trend, never go against it. When the market is falling, do not blindly try to catch the bottom, as it may very well be a trap to lure buyers. Be patient and wait for clear signals.
Unwinding, as a term in the cryptocurrency space, refers to selling the cryptocurrency when its price rises back near the purchase price to recover capital. Learning to trap is to truly learn how to hunt; learning to unwind is to truly understand trading. Now let's introduce unwinding methods, which are generally divided into two types. 1. Active Unwinding Strategy 1. Cut Losses If you realize that your purchase was a serious mistake, especially if you bought at the peak of a prior bull run, you must have the determination to cut losses decisively to protect your capital. There are many opportunities in the cryptocurrency market; as long as your capital does not suffer significant losses, you can always earn it back. 2. Switching Currencies When the cryptocurrency in hand is trapped and weak with further downside potential, if you can accurately judge that another cryptocurrency has significant upside potential and stronger momentum, you can decisively switch to the new one to offset losses from the old one.
I was fortunate to meet an old senior who started with tens of thousands of yuan and built up a net worth of over 100 million. He once told me what it felt like to gain enlightenment from cryptocurrency trading, and now I also understand that feeling.
I was fortunate to meet an old senior who started with 10,000 yuan and became worth hundreds of millions. He once told me what it felt like to be enlightened in cryptocurrency trading. Now I also understand this feeling. The greatest benefactor in life is not picking up money or winning the lottery, but meeting someone one day who breaks your original thinking, improves your realm, and can take you to a better stage. Life is the same. Cognition determines wealth, and the underlying logic determines the superstructure! Before you get the hang of it, it’s as difficult as ascending to heaven; after you get the hang of it, it’s as easy as pie. Many stock market experts find that cryptocurrency trading is very simple after enlightenment, while many retail investors believe that cryptocurrency trading experts make money through countless hours of learning and countless losses.
The Highest Realm of Trading Cryptocurrencies: Seeing the non-existent, then seeing the true nature! The principle of simplicity is explained thoroughly!
Financial freedom at 38! Entering the crypto world at 25, earning an eight-figure sum in 10 years. Blood and tears warning: 99% of people fail because of 'mindset' rather than skills! At 25, I dove into the crypto world with all my savings of 50,000; by 38, I earned enough from trading cryptocurrencies to last a lifetime, with assets exceeding 10 million. No team, No insider information, not even having worked a day — now I wake up naturally every day, walk the dog, drink tea, watch K-lines, worries? Nonexistent. But if you think this is a piece of 'feel-good' literature, you can scroll past it now. The truth I want to say may chill 80% of people in the crypto world.
Finally caught both long and short positions at once, got it! Hahaha The large order was placed accurately with a difference of 33 points, it went in. Can't hold the profit chart anymore, envious but not jealous, hahaha.
Short it down, ate these long positions.
Mkr 1959 placed a long order, take profit at 2069, stop loss at 1929.
BTC 103333 placed a long order, take profit at 106333, stop loss at 102777.
Eth 2444 placed a long order, take profit at 2560, stop loss at 2417.