Contract position management and skills, once mastered, ordinary people can also achieve success in the cryptocurrency market!

1. Control Position

Reasonable control of position is key to achieving stable profits. Otherwise, your account will only face failure. It is generally recommended to use 10% of your funds for trading. For example, if your account balance is $10,000, then the amount for each order should be $1,000, whether going long or short.

In a favorable market, if the entry order starts to profit, the stop-loss should be set at the opening price. No matter how certain the market is, the position should not be too heavy. If the order incurs losses, do not increase your position against the trend, unless you have hundreds of millions of dollars in funding support.

【Position Management】

In contract trading, position management is crucial. Suppose your account capital is $10,000, it is recommended that the margin for each trade be $500-1000, which is 50-100 lots. Investors can enter the market in 2-3 batches at different price points, with each position being 50-100 lots.

【Additional Order Skills】

When adding orders, if the leverage is the same, the position ratio should be 1:2:3. For example, the first order is 10 lots, the second order is 20 lots, and the third order is 30 lots. If the initial leverage is 20 times, the second order's leverage is 50 times, and the third order's leverage is 100 times, a maximum of three additional orders can be placed, and the total position of these three orders should not exceed 10% of the total position. Flexibly adjusting leverage and position helps to quickly break even or secure profits.

【Leverage Skills】

1. The size of leverage should be determined based on market conditions. Large markets are suitable for long-term operations, using small leverage to mitigate risks.

2. Quick entry and exit, using high leverage for rapid profits. It is generally recommended to take profits when reaching 30-50% because market changes quickly; one must learn to respect the market and know when to stop.

Lastly, I remind everyone: the cryptocurrency market is full of uncertainty and challenges, but it also holds potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and respond to market changes with a prudent strategy. #加密市场狂欢 #BTC再创新高 $XRP