Never open a contract with a leverage ratio of more than 5 times!
Some people say that playing contracts is gambling and purely relying on luck. When I asked, wow, 125 was all-in. In fact, I still admire the courage of such people. Some people have indeed succeeded, and the young models in the club are still very attractive. But you have to remember one thing, no matter how much profit you make, as long as you don’t take it out, it is just the number given to you by the exchange. 99% of people will eventually return it. I don’t have that kind of courage and guts!
So if you also think that you are not the chosen one, just learn to control the leverage multiple. I have always followed a principle about the contract multiple:
Under 10,000 US dollars, the maximum is 5 times.
Under 50,000 US dollars, the maximum is 4 times.
Under 100,000 US dollars, the maximum is 3 times.
After more than 100,000, just do spot. If you have to short, only open 2 times.
Everyone has the mentality of getting rich quickly. 10,000 dollars came in, and it became 20,000 dollars after a month of good luck in spot trading. So I started to calculate. If I do this 6 more times, I will have 1 million dollars. I can tell you for sure that everyone thinks so. The final result is that there is no 1 million, nor the 10,000 at the beginning. So if you are profitable now, take out your principal. Especially recently. You can play with the remaining profits at will. You will find that your mentality has also changed, and you are no longer worried about gains and losses. When a person bets too much, his thoughts will be extremely irrational. Psychological expectations will seriously interfere with your rationality. Even hallucinations may occur. "This line, no matter how you look at it, is going to rise." Then this person is half useless.
No one is a god, and it is impossible to make every prediction and every order right. But as long as you set the stop loss, you can offset 2.5 mistakes if you do it right once. In this way, you achieve positive mathematical expectations. No one is a god, and it is impossible to really escape at the top, and it is impossible to copy the bottom. Never complain that you sold too early or bought too late. As long as you make a profit, you have surpassed 99% of people. If we extend the timeline, we are just speculators in the band.
You can also ask me how to make $1,000 to $10,000? If you want to control the market, you must first control your heart. I wish you all make a profit!
