Do you think contracts are gambling?

Many friends open 50 times, 100 times, or even 125 times. They just entered the market with their money and their positions were blown up overnight! There are two types of people who open high leverage:

They like to bet big with a small investment, love to play all-in, and are actually gambling!

There are also some novices who don’t know how to plan their positions reasonably, and they “end” early just after playing contracts!

When playing contracts, position management is very important! Reasonable position management can not only maximize the benefits of funds, but also effectively avoid risks.

So how to manage positions scientifically?

For example, if you plan to open a position of 10,000 U, you can choose 1,000 U with 10 times leverage, or 500 U with 20 times leverage. The stop loss is controlled at 1%-3%, and 10% of the funds are used to bet on 100% of the profit, and the loss is also controllable. If you use 10,000 U-10 times or 20 times, it may be all gone after a wave of market conditions, there is no room for error, and the principal for trial and error is gone, and the loss is overnight.

High leverage means that you are borrowing funds far exceeding the principal for speculation. Liquidation is the norm, and making money is rare. If you want to do contracts, first learn the basics, such as leverage multiples, funding rates, etc. If you enter without knowing anything, and blame the tool for a liquidation, you are really asking for trouble.

Therefore, you must plan your positions reasonably!

XRP has been very popular recently. Have you caught this wave of market?

In mid-November, I asked fans to ambush long-term orders for XRP. When I entered the market, the price was around 0.8. Now it has risen to 2.87, an increase of 253%. The position has doubled 8-9 times!

If you are also a little confused about making orders now, comment "111" and I will help you plan!