Contract Position Management and Skills, understand it, turning around in the crypto world is not a dream!
1. Manage Your Position Well
If your position is well controlled, you have a chance to make steady profits. If your position is messy, then it can be troublesome. For example, if you have 100,000 yuan, then each order should not exceed 10,000, which is about 1,000 coins, regardless of whether you are going long or short!
When making money, set your stop-loss at the opening price. Don't go heavily into the market just because you feel the trend is good; that carries too much risk. If you are losing money, never increase your position against the trend, unless you have more money than you know what to do with.
2. How to Manage Your Position
Position management is very important, and you need to base it on your funds. For example, if you have 10,000 yuan in your account, the margin for each order should ideally not exceed 500 to 1,000 yuan, which is about 50 to 100 lots. These 50 to 100 lots can be divided into several entries at different price levels.
3. What are the Skills for Adding Positions
When adding positions, if the leverage is the same, then add positions with a ratio of 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 the initial leverage is 20 times, then the second position should be 50 times, and the third should be 100 times, but there should be no more than these three orders, and they should not exceed one-third of your total position. By flexibly adding leverage and positions, you can quickly break even or make a profit and leave!
4. How to Use Leverage
Leverage should be determined by the market conditions. In a big market, go for long-term trades with small leverage to minimize risk. If you want to enter and exit quickly, then use high leverage, but if you make a profit of 30% to 50%, you should exit because the market can change too quickly; respect the market and don’t be greedy.
Finally, I remind everyone that the crypto world carries high risks, but there are also many opportunities. Before investing, be sure to understand the risks, stay calm, and use a prudent strategy to respond to market changes!
If you always miss the right timing and are confused about how to operate, and want to keep up with learning, you need to meet one condition: strong action ability, take action immediately, like + leave a message, and I will help you make big money!