Why do you always lose money when trading contracts? Have you ever thought about the reasons?
In life, friends ask me to take orders, on my phone, there are acquaintances asking me to take orders, at work, colleagues and bosses want me to take orders, and on media platforms like Zhihu, Hupu, and Binance Square, there are also people asking me to take orders.
They only see me making profits, but they don't see me getting beaten up in the novice village.
The risk warnings you mentioned, nobody listens to them. You teach them position management, margin calls, how to take profits and cut losses, but they don't absorb it. Most of the time, they just want to know which position to open, at what price, and preferably, they want it to be in a profitable state right after opening. If there's a 10% loss, they'll send you ten messages in a minute. What does that mean? Are we playing against each other?
If people with this mentality can make money, then what about us experienced traders? Are we supposed to lose?
So now, when someone asks me about contracts, unless they can really follow my strategy, I usually reply: buy spot.
Just like this fan.
In mid-November, I advised him to set a long-term position in XRP when the entry price was around 0.8. The current highest price is 2.49, achieving a 207% increase. It also directly multiplied his position by 7-8 times.
For friends who are confused about trading now, leave a comment with 111, and may you get rich!
$XRP $ETH
