#BIGTIME A lot of people must have been killed today. A brother came over today and said that he had been liquidated and that he would fight until death😷

Here I would like to share with you that when it comes to high-risk trading activities such as contracts, risk management is crucial for your reference:

Set a stop-loss order: A stop-loss order is a pre-set sell order that automatically triggers a sell operation to limit losses when the market price drops to a specific level. By setting reasonable stop-loss orders, you can control risks and avoid further losses.

Diversify: Don’t put all your eggs in one basket, diversify your funds across different cryptocurrencies and contract transactions. This reduces the risk impact of a single trade on the overall portfolio. When a loss occurs on a contract, other investments may be able to cover some of the losses.

Regular profit withdrawal: Set a profit target and withdraw part of the profit regularly. This ensures you a certain return when the market fluctuates and reduces the risk of losses due to greed. At the same time, retain some funds to continue trading in the market to capture more opportunities.

Limit the leverage multiple: Reasonably control the use of leverage multiples, and do not excessively pursue high profits and ignore risks. Using too high a leverage ratio may expose you to a greater risk of loss, so you need to carefully select and use appropriate leverage.

Plan and research ahead of time: Before making any trades, conduct adequate market research and technical analysis and develop a detailed trading plan. Determine the entry point, stop loss point and target profit point, and strictly implement the plan. Don’t act on your feelings and avoid making impulsive and wrong decisions based on your emotions.

Continuous learning and risk awareness: The cryptocurrency market changes rapidly and is complex. You must constantly learn and update your knowledge, and maintain market sensitivity and risk awareness. Understanding market dynamics and understanding the characteristics and limitations of investment tools can help you better deal with risks and challenges.

Please note that the above strategies do not completely eliminate risk, but they can help you better manage and control it. Before making any investment, it is recommended that you fully understand the associated risks and make informed decisions based on your own financial situation and risk tolerance.