Bring 30,000 USDT to trade contracts, and the position has multiplied several times in a month?

Below I will share some of my insights on trading contracts.

1. Your mindset must be stable. When I first started trading contracts, I divided my 10,000 USD into 5 parts, each part 2,000 USD, and operated one part at a time. During the lowest point, I lost 4 parts, and I told myself that if the fifth part was lost, I wouldn't play anymore. The last part must be played cautiously.

2. You must learn to summarize your experiences. From the four parts that were lost in the beginning, my personal takeaway is to never be greedy. This is a commonly talked-about issue. The first time I saw the contract cryptocurrency I bought multiply by 5 times but was reluctant to sell, and the next day it plummeted and was forcibly liquidated... regretting my greed...

3. Learn to take profits and cut losses in a timely manner. Set a target. I usually choose two cryptocurrencies to trade from popular sectors or within the top 10 by trading volume. Generally, I will go long by setting a price 5%-8% lower than the value at 10 AM on that day, and I will cash out once it doubles.

4. Leave enough margin. Trading contracts can lead to liquidation, so please make sure to leave enough margin. I usually reserve 1/3 of the margin to handle some small fluctuations.

5. Lastly, the money I earn from trading contracts, I usually use 3/5 to buy the spot of platform tokens or other mainstream coins, and the remaining continues to be invested in contracts. Buying platform tokens is to increase my risk resistance.

Currently, many altcoins have reached the bottom, making it a great opportunity to buy at the bottom. Friends who are confused about trading, leave a comment with 111, may this bull market make you rich.

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