Mindset is very important~ Don't have a gambler's mentality.

Is trading just gambling? Position management is very important! Many friends jump to 10/20/50 times!
Even 100 times, money just goes in, and overnight it gets liquidated!
There are two types of people who open high leverage:
First: those who like to bet big with small amounts, enjoy taking risks, and are essentially gambling!
Second: there are novices who don’t know how to operate or manage their positions, and they end up finishing before they even start playing contracts!
Position management in trading contracts is crucial to maximize capital efficiency and to mitigate personal risk.
How to manage positions scientifically in contracts?
Flexible use of capital: for example, if you want to open a position of 10,000 USDT, you can use 1,000 USDT at 10 times leverage, or 500 USDT at 20 times leverage.
Stop loss at 1%-3%,
using 10% of capital to aim for 100% profit, while keeping losses under control.
If you use 10,000 at 10 times or 20 times leverage...
One market wave could take you out, with no margin for error and no capital to experiment with, it's easy to lose everything and distort your mindset!
Using high leverage to borrow several times your own capital for speculative behavior, liquidation is common, while making a profit is rare. If you want to trade contracts, first understand the basics, like leverage ratios and funding rates. If you know nothing and get liquidated, you can’t blame the tool for causing harm.
Therefore, it is essential to plan your positions reasonably!
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and adopt a prudent strategy to respond to market changes.