Tips for Making Money with Contracts, There Are Ways to Ensure Profit Without Loss!
If you have $5000 and want to make money, listen to me.
First, only use 10%, which is $500 to trade contracts, and keep the remaining $4500 for adding positions.
Money-Making Tip One:
Focus on Bitcoin, don't get distracted!
Don't trust those altcoins! Making money is the only hard truth, don’t lose everything. I used to trade all kinds of coins, ended up liquidating, losing a lot, and getting stuck.
Money-Making Tip Two:
Set a stop loss properly, adjust it further away when volatility is high, and closer when it’s low. In extreme situations, you can still protect most of your money. Don’t be afraid to set a stop loss, or think you can get out immediately when stuck; that’s too naive! You can do without take profit, but you must have a stop loss! No one can predict when the market will rise or fall. Once the stop loss is set, even if…
Money-Making Tip Three:
Set the forced liquidation price further away, preferably cut it in half and then half again.
Money-Making Tip Four:
Have a plan for adding positions, don’t do it randomly. After opening a position, the remaining money should be enough for at least 4 additional positions. The first time $30, the second time $60, the third time $120, and the fourth time $240. This helps average the price, and you won’t be afraid during market adjustments.
Money-Making Tip Five:
Open a hedge with the same coin, only use it when you are at a dead end. If you have done well with the previous steps, hedging won’t be necessary. But remember, you can only add a position once for the hedge, so think carefully about whether to open a hedge or add a fourth position.
Money-Making Tip Six:
Don’t hedge with different coins. Some people like to hedge with several coins at once, but that won’t work! If you can’t understand one coin, adding another will make it even more chaotic.
Money-Making Tip Seven:
Follow the bull and bear markets, don’t go against the trend. When a bull market arrives, don’t open short positions; when the bull market is about to end, don’t open long positions. Don’t let intraday market movements mislead you, resulting in opening at the peak or the bottom.
If you always misjudge the timing, feeling lost on how to operate, and want to keep up with learning, you must meet one condition: you have to be proactive, act decisively, like and comment, and I will help you make big money!
