Contract position management and skills, once realized, ordinary people can also turn their fortunes in the cryptocurrency world!!

1. Control the position

Only by reasonably controlling the position can you have a stable opportunity for profit; otherwise, your account will only end in failure. Generally, invest 10% of your funds in the market. If your account balance is only $10,000, then each time you enter a position, it should be $1,000, regardless of whether it's long or short!

In favorable market conditions, if your entry position is profitable, the stop-loss level should be the opening price. No matter how confident you are in the market, do not take a heavy position. If your entry position is at a loss, never average down against the market unless you have hundreds of billions in funds to support it.

【Position Management】

Managing contract positions is very important. For example, if your account has $10,000, the best margin for your trades is 5-10%, which is $500-1,000, or 50-100 lots. These 50-100 lots can be entered in 2 or 3 different positions.

【Averaging Down Skills】

If the leverage is the same, the next step is to average down. The position ratio should be 1:2:3, for example, the first order is 10 lots, the second order is 20 lots, and the third order is 30 lots; if you start with 20x leverage, the second order should also have the same position of 50x, and the third order should be 100x, with a maximum of three orders. The total of these three positions should be one-tenth of your total position. Flexibly adjust the leverage and position sizes, allowing you to recover instantly or profitably exit!

【Leverage Skills】

1. The size of the leverage is determined by the market conditions. In large markets, take a long position with small leverage to withstand risks.

2. Quick entry and exit with high leverage leads to quick profits. It is generally recommended to take profits around 30-50% because market changes are too rapid. We must learn to respect the market and know when to stop. That's all for now.

Additionally, a reminder to everyone! The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and adopt a prudent strategy to cope with market changes!