After paying thirty thousand in tuition, I've summarized a few experiences:
In contract trading, you must control your position; the margin should not exceed 20% at most. You must set a stop-loss price; don’t hold on stubbornly.
When you can’t hold on anymore and hit the one-click liquidation, it will be too late, and it might be worse than getting liquidated. This point is even more important than controlling your position. Don’t set the stop-loss price too tight; for example, if the liquidation price is one yuan, setting it at ninety-five cents is too precarious and can easily be breached in an instant.
The stop-loss price should be at least 10% higher than the liquidation price, or even more for safety. Of course, this is a worst-case scenario. Generally speaking, if the opening price drops two or three points, you should withdraw or change direction. Don’t resist, don’t be stubborn. Some coins might seem too high, and you want to short them early; that’s very risky. You can wait for an opportunity, but don’t be obstinate; set your stop-loss properly and run if something feels off. Never get too carried away; even if you guessed the direction right, don’t leverage too much. A small rebound can lead to liquidation!
The purpose of contract trading is to make quick money. Since you’re on the ride, don’t press the gas pedal too hard; be steady. Haste makes waste.
When the bullets run out, I will gather some more in the coming days, hoping I can remember these lessons.
Don’t be blinded by short-term fluctuations; let Rose guide you and reveal a potential coin that is expected to multiply by more than ten times! Follow Rose to navigate out of confusion and towards financial freedom! Like + comment for free sharing!
