Steady way to play cryptocurrency contracts: choose the right currency and be a stable person!

As a contract trader, leverage can amplify volatility, but the core is not to pursue volatility, but to pursue certainty. Go long on strong currencies when the market is rising, and go short on weak currencies when the market is falling. The strategy is simple and effective.

For example, at the beginning of the quarter, EOS and ETH had the strongest trend. In this case, once there is a pullback, my first choice for going long is them. Conversely, in a falling market, Bitcoin is the first choice for going short. Although other mainstream currencies may sometimes fall more than Bitcoin, only going short on Bitcoin can effectively avoid the risk of violent pullback.

Most people in the cryptocurrency circle are short-term traders. It is actually difficult to wait until the ideal point to close the position. Many people are not good at position management and shocks to lower the average price. Therefore, for most traders, a good opening point is more important than anything else. Once there is a profit, it is recommended to first pocket part of it, and set the cost price stop loss for the rest to keep the fruits of victory.

This is also the strategy I have repeatedly emphasized in the community. Steady and steady is the key to contract trading.