This wave of market started to peak and fall from 73777, and then the more obvious bottom of eth appeared yesterday. Yesterday’s Bitcoin 1-hour chart was also the third wave. I didn’t look carefully when I posted the chart yesterday. In fact, it was indeed the bottom at that time, and then I did it directly yesterday afternoon. More, and the retracement after 12 o'clock at night just formed the right shoulder, so the bottom pattern was more clear, and it rebounded overnight.
From the highest point of 73777 to 60775, it fell exactly 13,000 points. Then the rebound is half 6500 points, which is about 67275. Therefore, the current market rebound has ended. Today is a trend of oscillation and retracement, and we will see whether it can stabilize later. If it is stable, it will rush to 74,000. If it cannot stabilize, the rebound will end and the oscillation will be retracement, and the level of oscillation will be larger. Waiting for the next wave of daily market conditions$BTC $ETH
There are many people who don't know how to trade contracts. As long as you know how to make money with contracts, it is not difficult.
A few words here
Contract trading is the most enjoyable transaction I have ever used. Leverage trading allows users to make a small profit with a big investment, but at the same time the risk is doubled, high risk and high return. What should new users pay attention to when starting to trade contracts with leverage?
1. Leverage risk: This is easy to understand. For example, if you open a position with 10 times leverage and the price drops by 2%, your loss will be magnified 10 times, or 20%, and these transactions are not as volatile as stocks. Small, 1%, 2% increase or decrease is very random. It is possible that the big bull of the platform, the dealer is happy today, sells like crazy, and the price plummets, so novices must be aware of the risks of this leverage. Understand accordingly.
2. Trading risks: Many novices have experience in investing in stocks and consider themselves veterans, but here you have to treat yourself as a newcomer, a rookie, and need to learn. Leverage risk in contract trading is very high. You can also set a trigger price, but when the price plummets, it will be too late to complete the transaction. For example, if you open a long position and set a certain price to trigger the closing stop loss, let's say 10 yuan. But when the price instantly drops from 10.5 to 9 yuan, it is possible that the 10 yuan trigger price you set cannot be completed because it falls too fast. This is mainly a problem of the liquidity of the contract, so you need to be clear about this. When making a contract, you must choose one with good liquidity. On the exchange, you can choose mainstream contracts such as btc, eth, eos, etc. BTG, XRP, and BCH have less liquidity, so you can decide for yourself.
3. Position opening strategy: The contract trading here is actually a zero-sum game. When you make money, someone is losing money. If you want to make money here, you must know how to operate the contract better than most people. When trading, one thing that novices must pay attention to is position control. It is recommended that novices who have just started doing contracts should not put too much money in it. A few thousand to ten thousand yuan is enough, and you don’t need a lot of money to play with contracts. Let’s talk about opening a position. For example, if your capital is 10,000 yuan, it is recommended that you divide the position into 4-6 parts, and trade 1 part at a time. In this way, even if you make a wrong judgment on the transaction and stop the loss in time, your loss will not be very big. Big, of course I will talk about the stop loss strategy later. Position control determines your profits. Making money is nothing more than minimizing your trading losses and maximizing your profits. In addition, okex's contracts have 10x and 20x leverage. It is recommended to use 10x leverage. 20x leverage can easily lead to liquidation, and the risk is too great.
4. Selling strategy: Here we should talk about the strategy of closing positions, which can be divided into two situations, one is selling with stop profit and the other is selling with stop loss. Take profit selling. After the profit reaches a certain level, it is recommended to sell in batches. In a price range, sell a batch at a corresponding price. For example, you were long 100 contracts when the contract price was 100 yuan, and now it has increased. When it reaches 150 yuan, the profit-taking range can be set to 130-140. 10 contracts are sold at 131 yuan, 10 contracts are sold at 132... 10 contracts are sold at 140 yuan. The purpose of this setting is to say that if the price continues to rise, there will be no If the price you set is triggered, then your contract will continue to make money; if the price drops and half of the contracts are triggered, and half of the contracts are not triggered, and then the price stops falling and rises, then the other half of your contracts can still make money. , and your price cost is very low, and your mentality will be twice as good as what you are buying now; if the price reverses and falls, and all the contracts you set are triggered, it proves that the trend of this market has also reversed, so you can consider Make new contracts, or take a break to observe and wait for new opportunities.
5. The stop-loss strategy is the same. It is divided into several batches. Taking the above contract as an example, if you go long 100 contracts at a price of 100 yuan, then the stop-loss price is a loss of 15% and 30. Stop loss when %, because as we mentioned above, the price fluctuation of 1% is very random. If the price fluctuates by 1%, you open a leverage of 10 times, and your contract income will also fluctuate by 10%. Of course, there are some Stop loss and take profit are done through support and pressure levels, which we will talk about later.
6. Position strategy: Controlling positions is something that almost everyone who does contracts needs to know, because if the positions are not well controlled, it is easy to blow up. We come here to play contracts to make money, not to pay tuition fees or to do charity. The position strategy mentioned here is divided into two situations. When the trend is unclear, a small position is used. Even if there is a loss, it is still a small amount of money. When the trend is obvious, half-position or heavy position operation is used. This is the unilateral market we will face. We must use a heavy position because we want to make the big money.
7. Position-increasing strategy: Many veterans who have been in the stock market for many years will cover their positions when stocks fall to reduce the cost of buying. However, this is not recommended in currency market transactions because the fluctuations are too great. If the leverage is enlarged, the position will be liquidated in minutes. It is recommended here for novices that when the contract in your hand is already profitable, you can add positions in batches. You can refer to the position opening strategy to add positions. In a losing contract, you must, must, never add a margin, learn to stop losses, and would rather cut off your profits and reopen a position than increase a position in a losing contract.
