Bring 30,000 USD to trade contracts, and multiply your positions several times in a month?

Here are some simple insights I've gained from trading contracts:

1. Your mindset must be stable. When I first started trading contracts, I divided my 10,000 dollars into 5 parts, each part being 2,000 dollars. I would operate one part at a time. During the lowest point, I lost 4 parts, and told myself that if I lost the fifth part, I would stop trading. I had to be cautious with the last part.

2. You must learn to summarize your experiences. The four parts I lost in the beginning taught me that greed is not worth it, which is a common topic. The first time I saw the cryptocurrency I bought multiply by 5, I hesitated to sell. The next day, it plummeted and was forcibly liquidated... I regretted being greedy..

3. Learn to take profits and cut losses in a timely manner. Set a target. I usually choose two cryptocurrencies to trade from popular sectors or within the top 10 by trading volume. I generally go long by setting a target of a 5%-8% drop from the value at 10 AM that day, and I withdraw once I double my investment.

4. Reserve enough margin. Contracts can be liquidated, so please ensure to set aside enough margin. I typically reserve 1/3 of my margin to withstand small fluctuations.

5. Lastly, I usually take 3/5 of the money I earn from trading contracts to buy spot of platform tokens or other mainstream cryptocurrencies, and continue to invest the remaining in contracts. Buying platform tokens is to enhance my risk resistance ability.

Currently, many altcoins have reached their bottoms, making it a good opportunity to buy the dip. Friends who are confused about trading now, leave a comment with 111, and this bull market will help you get rich.

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