Profitable tips for contracts without liquidation! 99% accuracy!
If you have a $5000 capital and want to trade contracts, remember to use at most 10%, which is $500, and keep the remaining $4500 for margin. Below, I will share several ways to make money.
First:
Focus on one coin, only trade Bitcoin!
Don't believe in those altcoins, and don't be greedy. You're here to make money, not to lose it. I used to trade many coins at the same time, and the result was either liquidation or huge losses, or I was constantly stuck.
Second:
Always use stop-loss when opening positions; set long stop-loss for high volatility and short stop-loss for low volatility.
You can skip take-profit, but you must have stop-loss. No one can predict when the market will surge or plummet. If your stop-loss is well set, you can protect most of your capital even in extreme situations. Don’t avoid setting stop-loss out of fear of losses, or fantasize about recovering immediately if you are stuck; such thinking is too naive.
Third:
Set the liquidation price far away, preferably cut in half before cutting again.
Fourth:
Have a plan for adding margin, do not act blindly.
After opening a position, the remaining capital should at least allow for 4 margin increases. For example, use $30 for the first margin increase, $60 for the second, $120 for the third, and $240 for the fourth. This way, you average out your entry price, and if the market adjusts favorably, you can easily recover or even make a profit.
Fifth:
Open a hedge with the same coin, use it when you have no other options left.
If you have done everything right beforehand, then opening a hedge doesn’t have much significance. But remember, this method can only increase margin once, so be clear whether to hedge or to increase the position for the fourth time.
Sixth:
Do not use different coins for hedging.
Some people like to hedge contracts using several similar currencies, which is highly inadvisable. If one coin is already difficult to understand, adding another will complicate things and lead to mutual entrapment.
Seventh:
Open positions based on bull and bear markets; do not go against the trend.
In the early stages of a bull market, do not easily open short positions; in the late stages of a bull market, do not easily open long positions. Don’t let intraday market movements affect your judgment, leading to positions at the peak or bottom.
I am Duan Chenbei || with rich practical trading skills and unique trading philosophy. I have a deep understanding of indicators like K-line, BOLL, MACD, MA, etc. I possess strong technical skills and market prediction capabilities, and I excel at turning losses into profits and repositioning plans. If your recent performance isn't ideal, come talk to me.