What should I do if I am stuck in a long contract?
There are several common ways to get out of the trap:
Cut the Gordian knot: If the coin in your hand keeps falling and there is no sign of reversal, the best way is to stop loss and leave the market, or even go short. You must not hold the order, and don't get stuck deeper and deeper.
Sell high and buy low: If the market is fluctuating and the coin price is sometimes high and sometimes low, you can take advantage of the rebound opportunity to reduce your position at highs and then cover your position at lows to reduce costs.
Flatten downward: When it falls to the stage bottom, you can add positions to spread the cost and escape at a rebound.
Short hedging: If you are deeply stuck and although it is falling, there is still a chance of rising in the later stage, then go short, and the number of short orders is greater than the number of long orders, and make some money to hedge the losses.
When doing contracts, you should still set up reasonable stop-profit and stop-loss, don't be greedy, and don't hesitate.
