$FLOKI Mainly trade spot, recently tried contracts, made more than 1x profit in a week, see screenshot:

Contracts are like gambling, the risk is very high, so the following principles must be adhered to:

1. Do not exceed 10% of the account funds;

2. Do not pursue high return rates all at once; quick in and out;

3. Do not open positions blindly, wait for the market;

4. Set a stop loss, and execute it in a timely manner;

5. Low leverage, low multiplier;

Next, I will talk about my opening position strategy:

1. Low position, I only open longs, the risk is smaller when the market is bullish;

The timing of opening a long position should be grasped well; for example, like today when Bitcoin stopped after rising to over 97000, it is normal to expect a drop of a few hundred U.

At this time FL also retreated, and the opportunity to go long came;

2. Set take profit; set the return rate at around 30%, do not be too greedy;

FL was at 29 with a daily increase of 20%, dropped to over 25 with an increase of only 6%. Based on previous experiences with other animal coins, it will definitely rise again, but it won't go directly to 29; generally, it will rise a few points and then drop again; after that, it will go up; during the process, I can open several times and take profits multiple times; overall, after several times, the return rate is also very high;

Therefore, after going long at over 25, I set my take profit position at over 26, and this wave yielded a 55% return rate;

3. Grasp the market well, choose coins with obvious trends, profits are relatively quick.

Last night I anticipated that Bitcoin would rise, so I opened a long position when Dogecoin was falling; unfortunately, Dogecoin did not rise overnight; however, since Bitcoin rose, I was not worried about Dogecoin falling, and today there was a market for FL, so I decisively closed my Dogecoin position; I opened a long position on FL and made a profit in a few minutes.

4. Low leverage, why low leverage?

I set 15% leverage, so the liquidation price will be very far away, and even if the direction reverses, if the return rate is -100%, I might only lose 15% of the total position U.

If the return rate is over -50%, you can add 5-10% more to lower the opening price; this is also the reason for recommending low leverage at the beginning.

Moreover, if the market is well observed, the opposite direction generally will not drop to -50% before rebounding, leading to a final profit.

5. Timely stop loss

If the actual trend deviates from the prediction, be sure to stop loss in time, the stop-loss amount should not exceed 20% of the invested amount, for example, if you invested 100 U, if you opened a long position and it actually fell, if the loss exceeds 20 U, you must close the position in time and wait for the market to reopen.

I tried to invest 100 U,

The first week target 100 turned into 200 (achieved)

The second week turned 400 into 800 U

The third week turned 800 into 1600

The fourth week turned 1600 into 3200 U

If you have enough funds, 1000 U is not a big deal for you, you can use 1000 U to challenge turning it into 16000 U, the contract risk is too high, and I do not recommend investing more.