Contract trading, speed and danger coexist! Haste makes waste, caution is key!
Dear friends in contract trading, listen to me, we must take it easy when playing contracts!
First, manage your positions well, and never let your margin ratio exceed 20%. Otherwise, a careless mistake could lead to significant losses, and your heart won't be able to take it!
Next, set your stop-loss price properly; don't stubbornly hold on. By the time you want to run, it might already be too late. Remember, the stop-loss price is more important than anything else, so don’t take it lightly!
Also, don't set your stop-loss price too tight. For example, if your liquidation price is 1 yuan and you set your stop-loss price at 0.95 yuan, that's like jumping into a fire pit; it's very easy to get spiked and directly breached.
Therefore, set your stop-loss price at least 10% above the liquidation price, or even more, to be safe. Generally speaking, if the stop-loss price is more than 2-3% below the opening price, we should retreat immediately or change direction, don’t hesitate!
Don’t resist stubbornly, don’t be reckless. If you think a coin has risen enough and you want to jump in early to short, that’s truly dangerous. You can set up a position, but be sure to set a stop-loss. If something feels off, get out immediately, don’t dawdle!
Most importantly, never get too excited! Even if your current deposit direction is correct, don’t leverage too much, or a small rebound could lead to liquidation! Playing contracts is for quick money, but don’t speed; haste makes waste!
I hope everyone can remember these pieces of advice and not make foolish mistakes again! Be cautious when trading contracts, don’t get caught up in it!
Bull market strategy layout, spot ambush opportunities, contract entry points, unveil the fog of false information, discover the real market. I am Cannon Brother, welcome to join!
