Experience sharing
When many people first enter the cryptocurrency circle, they may only have 5,000 yuan, hoping to make a profit by buying the right spot such as PEPE. However, after getting in touch with contracts, they found that short-term leverage operations can bring high returns, so they gradually turned from spot operations to contract operations. Here are some suggestions and experience sharing:
Risks and management of contract trading
1. Reasonable position management:
• Initially invest a small amount and gradually learn and adapt to the market.
• Do not invest all your funds in contracts. It is recommended to use 10% of your funds for contract operations and 90% of your funds for spot investment.
2. Avoid greed:
• Greed is the main cause of losses. Stud operations may earn 10 times or 100 times at a time, but they also come with huge risks.
• Reasonably set stop loss points and target returns, and do not blindly pursue high returns.
3. Risk awareness:
• Be prepared to stay up late and keep an eye on the market at any time, especially in volatile markets.
• Diversify investments to reduce the risks brought by a single asset.
4. Long-term holding:
• Most funds should be invested in potential spot, and long-term holding is needed to wait for the bull market to come.
Advice for novices
1. Learn and understand the market:
• Don't rush into the market, learn and understand the basics of the cryptocurrency world first.
• Pay attention to market dynamics and trends, and understand the characteristics and potential of various currencies.
2. Reasonable operation:
• Allocate positions reasonably to avoid investing all funds at once.
• Don't blindly follow the trend, stay calm and rational, and avoid emotional operations.
Summary
Investment in the cryptocurrency world needs to be rational and cautious, and avoid excessive greed and risk-taking. Reasonable allocation of funds and positions, continuous learning and attention to market dynamics are the key to long-term stable profits in the cryptocurrency world.
