Why does it fall when you chase the rise? Why does it rise when you sell at a loss?
A must-read for beginners!!! How to avoid the contract trap of "falling when you buy and rising when you sell"? It is recommended to collect!
1. Mentality: Once you buy in and get trapped, you panic. Obviously, the direction you opened is not wrong, but you panic when there is a small callback. You are worried that you will be trapped more and more, so you immediately sell at a loss and leave. This repeats over and over again, and the principal becomes less and less
2. The principal is small, and the position is large. You are afraid of missing the opportunity to get on the train. You can't bear a small callback and can only end up with a liquidation
When playing contracts, only open some mainstream coins, such as Bitcoin and Ethereum. Open a small position at the beginning, make a plan, and cover the position according to the situation. Don't chase the rise and fall. It is better to miss it than to make a mistake. Because there are many opportunities
If you play with some volatile copycats, it is best to set a stop loss. There may be no bottom when the price drops, and it is unreasonable to pull up the market. You can blow up your short position in minutes
In short, mentality and strategy are very important. People with a bad mentality should not play contracts. The final result will only end in a liquidation
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