In the cryptocurrency circle, there are far more contract players than spot players. Why are there more contract players?
1. Magnifying Desire
For leverage, many people don’t understand it well enough. Leverage means high risk, but most people see high returns first. I have talked to no less than a thousand people, and basically no one who plays contracts makes money.
The most important thing about contracts is to magnify people’s desires. If you have 1000U, you want to put it into 1w or even 10wU to play. That kind of excitement can easily make people get carried away. If you trade irrationally, there is only one result, which is to lose everything.
2. Trading system and execution
This is actually technology. The trading system can be understood as a technique. The trading system includes the buying point, selling point, profit and loss ratio, position management and other aspects. Execution means having a strong heart and unswervingly executing your own trading system. As the saying goes, there is a way without a technique, and there is a technique without a way. In other words, if your mentality is not good and you do not have strong execution, it is basically impossible to make money, even if your trading system is awesome. Many people can't figure it out. They always feel that they can make money and that their system is very good. As long as they strictly implement it, they can make money. But what they don't realize is that their inability to strictly implement it is the biggest problem. The problem is not in the trading system, but in the individual itself.
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