Why do so many people in the crypto world love to trade contracts? It’s simply because they want to make money quickly!
For those who love to take risks, contracts are like gambling, very exciting. You work hard for a month to earn ten thousand, while someone in the contract market uses ten thousand to leverage a thousand times, and if the price goes up just a little, they can pocket that ten thousand. What if it rises by ten points?
They earn directly one hundred thousand, in minutes it equals a year’s hard work! Who can resist such temptation?
Of course, some might say, what if the direction is wrong? Don’t you lose everything? At this point, you have to think from a different perspective; even if they lose nine out of ten times, as long as they win once, they make it back. In the crypto world, fluctuations of one or two percentage points are very common. If luck is on your side, you blink, and your monthly salary is in hand!
This is why so many people in the crypto world like to trade contracts; they all dream of getting rich overnight. In today’s society, everyone is in a hurry to make money; who wants to take it slow? Everyone is thinking of taking a gamble, turning a bicycle into a motorcycle.
However, there are also those who can stay steady. They have large positions, but they open small ones; they might not earn as much as gamblers, but seven or eight out of ten trades are profitable.
But speaking of which, the contract market is not a playground; there are many instances of liquidation. In the past month, the funds liquidated in the crypto contract market have exceeded 20 billion dollars! This is not a small amount, indicating that whether you are playing small or have large capital, you must be cautious in the contract market.
So how can you avoid liquidation in the contract market? The key is to manage your positions well!
Why does liquidation happen? Isn’t it because the leverage is too high and the positions are too heavy? So when trading contracts, if the leverage is high, the position must be low; this way, you can protect your money bag.
Remember, regardless of how the market fluctuates, we must safeguard our positions. The market is always good and bad, but the safest way is to build a strong defense for yourself. You can occasionally go out to see how the market is doing, but you must never expose yourself to danger; the ultimate trick in contract trading is position management!
Now BTC has rushed back to 98,000, and most altcoins are preparing to rebound, making it a good opportunity to buy at the bottom! I have carefully selected a cryptocurrency that is expected to rise by 5-10 times; leave a message + like, and I will share it for free!