Today I will talk to you about my recent experience of contract trading~
There is a saying that money does not come in a hurry, I think it is really right! ! Every time a contract is liquidated, I think that I can definitely make money by shorting or longing at this price. In fact, this idea is totally wrong. If you can't calm down when trading contracts, you will face the next liquidation in the end! Unless you have unlimited bullets!!!
Xiaoxian also tried to make back all the losses in one or two days, but I overestimated myself a little bit, and lost to the original position all of a sudden, so, you really need to be cautious when trading contracts!
Combining the previous lessons, Xiaoxian has a few points that I really want to say to everyone:
1. Don't carry orders! Once you carry an order, it is really not far from liquidation, unless you have enough margin to let you carry it. Don't be lucky. Xiaoxian has carried orders many times, and the probability of liquidation is also because of carrying orders. 80%! This is the most important thing. If you see something wrong, you should cut it immediately. You have to cut it even if you can't bear it. Don't be obsessed with how much you have lost and feel that it is not worth it.
2. You don't have to set a stop profit! You must set a stop loss! ! Some copycats are really too cruel to wash the market. Sometimes you don't have time to react when you insert a needle downwards. Suddenly, it explodes. You don't react to it yourself and your account is reset to zero. So I would rather stop loss half and then add positions than not set a stop loss. This is a painful lesson for Xiaoxian! I used to like to stop loss in batches and then add positions. In fact, this is also a very risky approach. I suggest that you don't learn from me before.
3. You have to run when you make money! Don't think that he can still reach that position, and then I will run. It's really right to put the money in your pocket first. Don't feel regretful for making less money. When the profit turns to loss, you will regret why you didn't run away earlier. So people, you still need to be content!
These are really the pitfalls that Xiaoxian stepped on when he first started doing contracts. Today, I also felt it and wrote down my thoughts. I suggest that newbies who have just entered the circle take a good look at it. It is better to avoid contracts. If you do, you will really get addicted. Before, Xiaoxian was always around contracts, but now he has a more open mind.
Follow Xiaoxian and you won’t get lost~ Try to update and share your experiences in the cryptocurrency circle every day~ Please pay more attention!
