I am a trading enthusiast. I am not a professional, I just started halfway.
I don't make much money in the cryptocurrency circle, but it's still good in terms of multiples! In 2017, I entered the cryptocurrency circle and used the principal of 1,300 yuan to do high-sell and low-buy spot to make my account 70,000. It took three months to make the principal run 54 times. (I would like to state that I had four years of stock trading experience before entering the cryptocurrency circle)
Later, because of some things, I stayed in it for more than four years. After returning to society at the end of 21, I encountered a big bear market. Because there was almost no chance to make money in spot, I accidentally started contracts! As a result, I paid back 30,000 yuan one after another!
The biggest loss was 8,000 yuan liquidation, and the rest was a little bit today and a little bit tomorrow, a total of 30,000!
Summarizing the reasons for losing money, it is a gambling mentality to say the worst, wanting to become famous in one battle; to put it nicely, it is not understanding position management! Although I often talk about position management, I forget everything after opening a position!
It's not that I forgot, it's that I haven't lost enough money!
When losing money makes your heart bleed, everyone will pay attention to the weight of the four words "position management"!
Thirty thousand is so little. For a few people, it's just a meal, a bag, and a watch!
Thirty thousand is so much. For most people, they can only save so much after working hard for a year!
But when I think about it, it is very difficult to do contracts after all. How can you get along in this industry without paying some tuition?
Think about the times when I won money in contracts. I won in unilateral market, and lost money in volatile market!
Big wins are won by adding floating profits in unilateral market, and big losses are not set in volatile market! Small losses are constantly lost because of choosing high leverage in volatile market!
So I haven't opened a position recently. I am summarizing my problems every day and looking for answers to my problems in the articles of currency friends!
Question 1: Position management. When the planned contract position is used up or lost, can I control my hands and not sell the spot? Or continue to recharge to open or increase positions? Can I wait until the spot recovers before looking for opportunities? Position management focuses on the word "management"! It is said to be managing funds, but in fact it is managing your own heart!
Question 2: Can you wait?Can I wait until the unilateral market comes before opening a position?
Question 3: One-sided floating profit increase: Can I increase the floating profit? How much capital is needed to open a position? At what point should I increase the position after the floating profit? What is the leverage? What is the increase ratio? (Because the increase ratio is related to the change in total cost and the change in the liquidation value after the increase, this is the biggest risk of increasing the floating profit) If these questions are not sorted out, I will definitely face losses next!
Next, I will open an ant position with these points to pay attention to, and continue to increase the floating profit! When the time comes, I will write the test results into an article to share with all teachers!
Follow me, so you won’t get lost next time!