If you are trading contracts and opening large positions, you really have to keep an eye on the market. However, when the price fluctuates on the K-line, your emotions follow suit, and generally, you can't hold on.
We used to call ourselves strategic investors and value investors, but once you go all in and multiply your investment, your identity changes completely; you become a full-fledged gambler.
One thing is certain: almost all gamblers won't last a month, and very few can continue to make a profit. In the cryptocurrency world, you can say trading is easy, and it is easy, but it's also harder than climbing to the sky. In fact, if you have participated in learning, understand the patterns, and studied indicators, you can actually see the ups and downs of the market. However, most people still lose money; what is the reason?
There are heaps of theories, but trading is a complete mess, and there are countless people like this. Most people may understand patterns but cannot control their greed. As long as you open large positions, your judgment will drop by 50%. Without rationality, it all relies on luck. If you don't set stop-losses, then you are bound to lose.
With that in mind, I still have a few suggestions.
1. If you have a large amount of capital, it is recommended to trade spot markets; the ups and downs have cycles, just wait 1-2 months for the rise and 1-2 months for the pullback. As long as you study some long-term indicators, spot traders can easily make a profit.
2. Contract trading is a kind of trading method, almost all small capital operations, do not keep too much USDT in your account. If you are willing to set stop-loss for each trade, then you have already won 90%.
3. Do not go all in; going all in is a sure way to fail.
4. Fishing for three days and drying the net for two days; if you have made a profit today, then you can also stop and rest. As long as you keep staring at the market for a long time, it is easy to get deeply involved, open positions, incur losses, and repeatedly trade until your mindset collapses.
5. Not everyone makes money on every trade; losing money is also part of trading, so you must dare to set stop-losses. Maintaining a large profit ratio is already quite good.