Contract trading, speed and danger coexist! Haste makes waste, caution is paramount!
To all contract trading partners, listen to my advice, we must play contracts with caution!
First, manage your position well, make sure your margin ratio never exceeds 20%, otherwise, one careless move could lead to a big loss, and your heart won't be able to take it!
Then, set your stop-loss price properly, don’t hold on stubbornly, by the time you want to escape, it might already be too late. Remember, the stop-loss price is more important than anything else, never take it lightly!
Also, don’t set the stop-loss price too tight, for example, if your liquidation price is 1 yuan, and you set your stop-loss at 0.95 yuan, that’s like jumping into a fire pit, very easy to get spiked and directly penetrated.
So, set the stop-loss price at least 10% above the liquidation price, or even more, that’s safer. Generally, if the stop-loss price is more than 2-3% below the opening price, we must retreat immediately or change direction, don’t hesitate!
Don’t resist stubbornly, don’t be reckless, if you think a coin has risen enough and want to short it early, that could be very dangerous. You can set a trap, but make sure to set a stop-loss, once something feels off, leave immediately, don’t dawdle!
Most importantly, never get carried away! Even if your current deposit direction is correct, don’t increase your leverage too much, otherwise, a small rebound could lead to liquidation! Playing contracts is for quick profits, but don’t speed excessively, haste makes waste!
I hope everyone can remember these pieces of advice and not make foolish mistakes again! Trading contracts requires caution, don’t get yourself trapped!
Bull market strategy layout, spot trading ambush opportunities, contract entry points, uncover false information fog, discover the real market, I am Cannon Brother, welcome to join!
