I adjusted for a summer vacation. I have done some thinking about the contract again. I hope to write some words to help everyone.

Doing contracts is really like fighting against inner demons. In fact, many times, you don’t need to look at too much news. Unless you do ultra-short-term. From the perspective of medium- and long-term contracts and risk control. You don’t need to look at the news. You only need to compare the historical height of the currency price with the current height. If you think it is high, sell it, and if you think it is low, buy it. The key is to hold it. So risk control is very important. If you open a large position, you can’t hold it. Whether you make money or lose money, if you can’t hold it, you will easily lose money in the market. You can only make money if you hold it.

I made two small positions at the beginning of the month, which is very meaningful. I opened a short position for Bitcoin from more than 67,000 and sold it at 52,000 7 days later. I sold pepe from 0.0117 to 0.00747.

I have never made such a large span before, because I couldn’t hold it. First of all, in terms of time, many people may not be able to hold a position for more than 7 days. Secondly, when there is profit, many fluctuations will cause us to close the position.

Finally, I would like to emphasize the key words I want to say. First, determine the direction, second, control the risk, and third, hold it.