I have been playing contracts for many years and summed up my experience
1. Not controlling positions
Work hard, stud, give it a try, and your bicycle will turn into a motorcycle. These words that are often heard are often undesirable. Whether it is spot or contract, you must keep your chips in hand. No one is like Lao Sun. Before the liquidation, he can still invest 300 million US dollars to avoid liquidation.
2. Choice of full position and isolated position
Speaking of cross position and isolated position, I dare say that many people don’t know what cross position and isolated position are, especially novices who just entered the currency circle and played with contracts. To put it simply, if you liquidate your entire position, you will lose all the money in your contract account. If you liquidate each position, you will lose the margin you used to open the position. It is important to choose different position modes under different circumstances.
3. Selection of leverage ratio
Leverage represents risk, and the higher the leverage, the greater the risk. Therefore, after selecting the leverage and the quantity to open the position, you must calculate the liquidation price before opening the position. Yes, high leverage can make a big difference with small things, but it is definitely not you. Don't take chances. Look at what other people’s high leverage liquidation prices are, and then look at your own?
4. Place orders frequently and gradually gain momentum.
Many people will make a mistake. In a unilateral market, they open several negative orders in a row. At this time, they get carried away and continue to go against the trend. You fall. I will open a long position, and if you go up, I will open a short position. MD, I will not believe that you will not reverse. Please note that at this time, you have lost your mind. Log out of your account, close the software, and take a break. If you continue, you will lose more until your position is liquidated.
In my philosophy, making money through trading is just to live a better family life, so when there is something going on at home, I will start trading after taking care of the family matters. However, trading opportunities are not always available. As long as I have a position, I will become very focused, so it occasionally affects my family.
5. Enter the market with stop-profit and stop-loss
When making a contract, you must bring a stop profit and stop loss. Stop loss prevents you from losing more, and at the same time, in extreme market conditions, it also prevents you from being unable to operate in time and liquidating your position. Taking profit is to prevent the market from reversing and return your profits. You can make a small profit, but you must not lose. There are too many situations where the market suddenly reverses. Take it easy and keep a good attitude.
6. Carrying it to death
If it doesn't work, just withdraw, and you can resist the hammer. Geckos know how to cut off their tails and run away when in danger. The market situation has become so obvious, what’s the point of continuing to resist?
7. Play with a hammer contract? ?
Everyone in the currency circle wants to get rich, but you are sure that you will get rich. The contract of digital currency is gambling. It is not like tossing a coin, with a fixed probability of 50%. The risk of the contract is far greater than the return. At the same time, digital currency Although currency cannot be said to have no technical aspects at all, a piece of bad or good news is enough to instantly break the previous trend. Moreover, these news have time differences, and by the time you know it, it is already too late.
This is related to my personal personality. I have always adhered to the belief of being good and professional in an industry. As long as I want to know anything, I will dig deep into it. If you don’t understand, you can ask, if you don’t know, you can learn, so I spend more time on professional basis. This is also one of the reasons why I can maintain profitability.
Written at the end, the water of digital currency is very deep. Whenever the ox tail comes, the currency circle will go crazy. This time it is animal currency, and the previous fruit currency. The purpose is to cut a crop of leeks, and most of these leeks were harvested when the Oxtail altcoin exploded.
