In the contract market, those who experience liquidation or significant losses generally share the following common characteristics. If you don't overcome these issues, you will continue to lose money!
1. Heavy leverage trading. (30%~50% position)
2. Stubbornness, never admitting mistakes (always thinking it will turn around)
3. Not setting stop-losses, always used to manually closing positions, resulting in being unable to act in any investment market when faced with extreme market conditions.
Some believe that operating with a 10% position is too small. The profits are too little. But I advise everyone never to expect to get rich overnight. Steady and steady, achieving over 10% profit on the total account daily will result in substantial gains over a month.
Heavy leverage trading is the main reason for liquidation, using large leverage with high positions and having very low risk tolerance. Always wanting quick success and getting rich overnight will only lead to worse outcomes.
Light positions and small amounts, going with the trend; steady and continuous, accumulating small gains into larger ones. When your account funds have doubled, withdraw your principal. At that moment, your mindset will become clear, and the speed of profit will be very fast.
Click on the avatar to view the homepage and follow me, a free communication community, sharing various potential cryptocurrencies daily, leading you to invest in various hundredfold coins, allowing you to make substantial profits in this bull market and exit successfully.