Veteran in the crypto world, sharing insights on short-term contracts! All are valuable tips
First of all, contracts are like gambling! If you can't manipulate the market in front of capital, you are just a pawn!
For all contract traders, those who do short-term trading either have large capital and operate with low leverage, or have small capital and play with high leverage. Based on platform data and market fluctuations leading to liquidation, the vast majority of people are small capital with high leverage operations. Because most people want to make a big profit with a small investment.
So, here are some practical insights for short-term contract traders using high leverage:
1. Contracts should only be traded in segments; if you are stuck in a long position, your mindset won't hold up, and you'll end up cutting losses at the edge of liquidation because you don't have enough margin.
2. Never be greedy in short-term trading and try to play long-term; even if you get the trend right, insufficient margin will make you collapse or stop-loss due to price fluctuations. Aim for a 5% profit in segments.
3. If you can consistently ensure a 5% profit on each trade, you can do nothing else.
4. If you achieve 5% daily, that's 150% monthly; time + compound interest = great wealth.
5. Learn to stay in cash and wait for opportunities, rather than getting stuck waiting for a reversal or to break even.
6. Think more about whether you spend more time missing out or being stuck.
Friends who are currently confused and directionless in trading, comment '111'; this bull market will make you rich.
