Current position management advice for everyone: for example, if you take
If you put out 30,000 USDT for contracts, my suggestion is to divide it into 3 parts, each part 10,000 USDT. Use one part to open a position each time, fixed at 10,000 USDT, Bitcoin no more than 10x, altcoins no more than 5x. If you lose money, for example, losing 1,000 USDT, you can take from outside.
Top up 1,000 USDT; if you make 1,000 USDT, you withdraw 1,000 USDT. Ensure that during this recent period you
Every time you open a position, you can ensure a fixed position of 10,000 USDT. Until you reach 30,000 USDT using this method.
If you earn 60,000 USDT, raise each position to 20,000 USDT.
This is how you should do it. The benefit is:
First point, split positions + low leverage, avoid exchanges.
Pinning, causing you to lose all your funds.
Second point, avoid issues of getting overly excited. If you get overly excited one day and lose everything, then at most you can lose 1/3, leaving you a buffer opportunity.
Third point, maintain a fixed position size, you can
Whether in loss or profit, you can
Maintaining a relatively calm mindset can help stabilize your emotions.
My habit of opening positions is to go all in at once. For example, 1 lot is 10,000.
USDT, one market one coin, is a full position. Full position is 1/3 of the funds for split positions, altcoins 5x, Bitcoin 10x, entering and exiting fully. My entry is generally precise and refined regarding the opening point. If you always use stop-loss and low leverage, you won't get liquidated.
If everyone is tight on funds or currently experiencing significant losses or debts, don't deposit too much money.
You can deposit 1,000 or 2,000 dollars and split it into 3.
Just do it slowly enough. Don't think it's too little, 1,000
300 dollars for a lot, how much is it in this market?
That's all fine, it's an important one.
Regarding how to reduce losses, here are 3 suggestions:
First point, do not use high leverage. Altcoins above 5x, Bitcoin above 10x, that's high leverage. Using high leverage
Leverage is always a single route.
Second point, do not take counter-trend positions. When the price rises, if you want to short, although there are bears, you must tell yourself that you can't trade this trend. You'd rather miss the entire round than touch the top or go against it.
Force buy at the bottom.
Third point, trading should have logic. Don't just look at the charts.