Playing contracts with $1000, how many times can the position increase in a month? Here are my simple thoughts
With $1000 playing contracts, can the position increase several times in a month? Let me briefly share my experience with everyone.
1. Stay calm, don’t be impulsive. When I first started, I divided $10,000 into five parts, with each part being $2,000, and I would only play one part at a time. If the fifth part also blew up, I would stop playing. So, I was particularly careful with the last part.
2. It’s important to summarize experiences. The four parts I lost before taught me not to be greedy. I remember once the contract cryptocurrency increased five times, but I was reluctant to sell it, and the next day it plummeted. I regretted it immensely.
3. Timely profit-taking and loss-cutting are very important. I usually choose popular sectors or cryptocurrencies among the top ten in trading volume, and I go long at 5%-8% below the value at ten o'clock that day. Once it doubles, I withdraw and don’t hold on too long.
4. Always keep enough margin. Playing contracts can easily lead to liquidation, so I always keep one-third of the margin as a precaution.
5. Finally, I will use three-fifths of the money I earn to buy platform tokens or other mainstream cryptocurrencies, and the rest continues to play contracts. Buying platform tokens is to enhance my risk resistance ability.
So, in short, don’t be impulsive, summarize experiences, understand stop-loss, keep margin, and don’t forget to diversify your investments.
For the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those projects with great potential. A projected space of over ten times is not a problem. If you want to make big money in a bull market, like and leave a message, and I will take you through the entire bull market!
