Choice is more important than effort, and direction is more important than position! If you want to be smart, you should be with smart people, so that you can be more wise; if you want to be excellent, you should be with excellent people, so that you can stand out. Reading good books and making friends with great people are two great blessings in life.
First, you must have the patience to wait.
Currently, all the contract varieties on the exchange have two-way trading characteristics. The market may not move for a long time in the past period of time, but once it moves, it will make you nervous. Sometimes the current top will immediately break through to become the bottom, and vice versa. So this requires us to learn to wait, wait for the trend to emerge, and wait for the opportunity to place a sure order. Try not to rush to place an order, watch more and move less. Opportunities come from learning to wait.
Second, you must learn to be patient and not be greedy or irritable.
Don’t always think about buying at the lowest point and selling at the highest point. In fact, this mentality is more likely to get you trapped. Don’t think that a slight increase or decrease in prices is an opportunity and rush into the market blindly. To grow from a novice to a contract trading expert, you must be able to endure the loneliness of an empty position, hold back, and enter the market according to your own trading plan.
Third, stability is required.
Investing is not gambling. You cannot rely on your own subjective imagination that “it should rise soon”, “it will probably fall soon”, “it will definitely rise/fall sharply tomorrow”, etc. Instead, you must be certain and steady. If you do not enter the market, then there is a great chance to make money. Then, stop profit at the target price to keep the fruits of victory.
If you want to survive in the contract market, you must understand one thing - the market is always right, and following the trend is the supreme rule. Seek stability and follow the trend, run when the situation changes, and make a decision when necessary. When placing an order, do not try to take it all as long as you can make money. Even if you make a small amount in a day, you can accumulate a lot.
Fourth, the requirements must be accurate.
Accurate means having a high winning rate. Those with a high winning rate must be experts who can survive in the contract market, rather than those who make money and lose money repeatedly. So how can you be accurate? As long as you can "wait", "be patient" and "be steady", then you can be "accurate".
Fifth, be cruel to yourself.
one.
Stop loss must be strictly enforced. The "wait" mentioned above is to find an opportunity to place an order, not to wait for the release of the position. Qualified contract investors must insist on stop loss. Developing the habit of not stopping loss will lead to greater losses and ultimately difficult to recover. Only with the decisiveness of cutting losses can you survive and reflect on why you placed an order at this position, whether the reason for placing an order is insufficient, and why you were trapped.
The second one is cruel.
You must seize the opportunity, dare to place heavy orders, and set profit and loss targets, but it is not recommended to operate blindly without a foundation and careful preparation.
The one who knows how to buy is the apprentice, and the one who knows how to sell is the master. This has always been the truth of the market. Whether it is profit or loss, you must minimize the loss and maximize the profit. If you can't do it, you will be struggling in the cryptocurrency circle like Cupid. In addition, you must have logic when trading, which will improve the accuracy, and a good mentality is also essential.
I have created a chat room on Binance. Friends who are interested can come and have a look. Spot passwords, contract strategies and other benefits will be shared from time to time.
I don’t know how to enter the chat room. Click the three dots in the upper right corner of the contract → Chat Room → Search for the room ID (70723178) to enter the chat room
