#合约 Many people think that contracts can make more money faster than spot. I also thought so before, but after experiencing several big losses, my mentality has gradually calmed down. Rather than saying that I am getting less courageous, I am actually more rational. Contracts and leverage are all derivative products of transactions. Their essential meaning is to hedge against spot, but with the subsequent development, they have evolved into a tool for gambling, so there are more and more gamblers. Many people feel at ease buying spot, but in fact, it is nothing more than planting a seed in their hearts. The four-year halving of the big pie and the expectation of the Federal Reserve to cut interest rates all make people believe that there will be a big bull market. This idea is natural and there is nothing wrong with it. However, when all the good news comes, the bear market will definitely come. What should we do then? There is only one direction for spot, and we can only buy So if we use the spot thinking to make contracts, let me give you an example: if we take 10,000 oil as an example, I will divide the funds into 40 parts, each part is 250 oil, my multiple is 20 times, that is, I actually opened a position of 5,000 oil when I opened one hand, and my real multiple is 0.5 times. If you play spot, it is not even a full position. Contracts and multiples have little to do with each other. No matter how many times the contract is, the final position accounts for a certain percentage of the total position, which is the actual multiple. I usually open a fixed loss of 4%, that is, after the loss, one order loses 2% of the total position, which is a completely acceptable range. Opening an order without a stop loss point is equivalent to prostitution without a condom, so contracts are not used to get rich quickly, but just have one more direction and tool to enter the market than spot. I hope everyone will trade rationally. That's all. $BTC