How to open a contract!

1. Absolutely do not open risky positions that make you anxious. For altcoins, opening with 25x leverage means you actually get liquidated at 3%. I understand your desire to make money and I appreciate your trust in me; however, I must tell you that making money is not about reckless actions. I often say in the group that if hard work were enough, then the old workhorse would rule the world. The positions you open must be at a level and leverage that keeps you in your comfort zone, allowing you peace of mind. If you open a position in a state of extremity, you will struggle psychologically; when altcoins surge, they can move dozens of points, and you can't withstand the high probability of failure with just a 3-point fluctuation. The moment you open a position, you are already at a disadvantage. Remember, slow is fast, and gambling means losing.

2. Position management in contracts is very important. If you can't manage it, then don't trade contracts; if you want to capture some profit, you need to consider how to do so. What events might happen today? Everything should be within a controllable range, including holding trend positions for a few days. If there is a sharp drop, where will it go? Do you have enough capital? Should you open a small position first, then add to it later to lower your average entry price? Where should you place a stop-loss that you can tolerate, to avoid unexpected situations while you sleep? All of these are considerations you need to take into account.

3. How to add to your position; for example, if I opened a 1000U position with 10x leverage for PEPE in the morning and a special situation arises (like a Bitcoin pullback), the simplest method would be to place an additional position of 1000U when it drops 6 to 8 points; this way, lowering the average entry price allows you to withstand 15 points at least. When the price rebounds to the average entry price, you can exit 1000U while ensuring your position size remains unchanged, but your entry price improves. If you can add to your position, then do so; if not, it’s fine if it goes up. If there’s a drastic adjustment, how do you handle that position? If you believe this wave of decline could be significant, then when the initial position pulls back by 8 points, stop-loss 50% to reduce your position to 500U and then add another 500U. Losing a bit is okay, as your entry price improves, and you can earn that money back during a rebound.

4. Finally, I hope everyone tries to stabilize their approach as much as possible, minimizing the need to add to positions. Use a stop-loss and hold your positions comfortably; this way, you can hold onto them peacefully. Only comfortable positions will allow you to make big money, not just high leverage; that’s the rule. Be reasonably greedy.