Let's talk about pending order trading. Spot trading is not included. The main point is Heyue pending order trading. It is very naive to place orders while sleeping and take long and short orders, because this is contract trading. Contract trading in the currency circle is synonymous with outrageous. 805 has seen -20 to +20% plummeting and soaring within 72 hours, so you can't place orders while sleeping and take long and short orders. However, after opening an order, it is a good trading habit to place a stop profit and stop loss. It is an attitude of willing to gamble and accept defeat. Anyway, if you place a stop loss, the stop loss will be automatically closed, and if you place a stop profit, the transaction will be automatically completed. This can be done. If you naively and blindly think that this price is safe, you can place orders to take long and short orders. It is easy to wake up and find that the order has been executed and the position has exploded again. New leeks like to place orders to play, and old leeks have basically experienced pending orders being executed, and the order exploded again in their dreams. It is really uncomfortable and they will never place orders to take long and short orders again. Especially this year, the price is very difficult to grasp.
It has been more than half a year, and everyone can see that I may be right in the direction, but the price will also differ by 1,000-2,000 dollars. This market is too bad.
Finally, let me summarize: Don't take trading for granted. It is not okay to place orders to take long or short positions. It is a good thing to place orders to stop loss and take profit. Be willing to accept the loss.
Then for newcomers to play full-position contracts, the leverage should not exceed 10 times, 5 times is best