Why do some people in the cryptocurrency circle become addicted to contract trading?
The reason why contract trading in the cryptocurrency circle is addictive is that it makes people excited, paralyzed, infatuated, and unable to extricate themselves.
The cryptocurrency contract can be magnified tenfold or even a hundredfold, that is, 10 yuan can be used as 1,000 yuan, and 1,000 yuan can be used as 100,000 yuan.
If used well, it can achieve a great result with a little effort.
I was also addicted to contracts for a while. I felt that if I was not greedy, I could earn 100U a day, and I could earn 3,000U in my spare time in a month, which was much better than working.
But often people's calculations are not as good as God's calculations, and things often do not develop as you expect.
I have also experienced several liquidations.
However, I only play contracts with one percent of my position funds, and I play with the mentality that all the principal will be zero.
Therefore, because I have psychological expectations, even if the position is liquidated, my mentality is calm.
I will not feel bad because of losing money.
My point of view is that contracts are a very good tool. Since it is a tool, it can be used. Otherwise, why invent it?
Of course, everything has its two sides. Contracts can help you make a lot of money with a small investment, but they also hide the risk of making you lose a lot.
While we see its good side, we should also pay attention to its bad side.
How to play?
First, take 1% of your position to play, for example, 1,000 U, and earn 100 U through a contract. The 100 U earned is put aside, and the next time you open a position, you still use 1,000 U.
In this way, even if the 1,000 U is gone, you still have 100 U to continue playing.
Second, when you keep losing money, put down your phone, divert your attention, and do something else. If you keep betting when you keep losing money, you are likely to lose money.
Third, when you open a position for the first time, don't go all in. It should be divided into at least three times, 30% each time. When the price is about to burst, add half of the position. Of course, if the trend is wrong, don't resist it. When it's time to admit defeat, surrender.
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