Trading contracts in the crypto space can make money, but it's not that simple. To be honest, trading contracts is like walking a tightrope; a small mistake can lead to a fall. However, if you master the right methods, there is indeed an opportunity to profit. Below, I will share my personal experiences, which may be helpful to you.
Learn to read charts
When I first started trading contracts, I was also exploring and felt completely lost. Later, I discovered that technical analysis really helped me avoid a lot of detours. For example, candlestick charts and moving averages may seem complex at first, but through continuous study, you'll find that they can clearly display market trends. You can use these signals to determine when to enter and exit the market.Control your position size, don't be too greedy
Many people can't help but want to increase leverage when they see the high leverage of contracts at the beginning. This is actually a big pitfall. I have experienced the pain of liquidation several times, and that feeling is really uncomfortable. Therefore, the most important point is to reasonably control your position size. It's better to trade with a small position steadily than to go all-in out of frustration.Emotional control is very important
Sometimes market fluctuations can make you feel like everything is out of control, especially during big retracements; it's easy to panic. However, I slowly realized that emotional management is really important. Don't be swayed by short-term fluctuations, stick to your plan, try to stay calm, and give yourself some room.Start small and practice more
For beginners, don't rush into trading with large amounts of money at the beginning. You can start with small amounts and gradually accumulate experience. Every transaction is actually a learning opportunity, and you'll find that your sensitivity to the market increases, and your decision-making becomes more confident.The consensus circle I created a few days ago is about to open
What is a consensus circle? A group of people holding spot assets come together to reach consensus, win together, and progress together!!
At the same time, I will also look for some potential coins, comment 888 to get in!!!