Today I will share some insights on contracts; be sure to execute them seriously and familiarize yourself with them, and wealth freedom will surely come.
I have experienced the ups and downs in the trading market. From the first time I came into contact with BTC until now, nearly 10 years have passed, and I have learned a lot of things and experiences. Today, I will share with you, which is especially useful for newcomers.
First point. The risks of 2x contracts and 200x contracts are the same; lower leverage is more likely to lead to missed exit opportunities due to inner conflict, resulting in liquidation.
Second point. Do not open positions at resistance and pressure points; open on momentum breaks. If resistance arrives, exit immediately; do not cling to the battle, and prioritize locking in profits.
Third point. Do not go against the trend; do not short in a bull market, and do not short in a bear market. Do not always try to make a big win.
Fourth point. Establish a trading system, determine stop-losses, and firmly execute them. Take profits generally at 2-3 times the stop-loss.
Fifth point. Holding coins is more profitable than contracts and frequent trading; being addicted to contracts does not end well or make big money.
Sixth point. High profits do not equal frequent trading. If there are no opportunities, decisively exit. It is better to watch short videos than to enter an unsuitable market.
Summary: There is no strategy in trading contracts that guarantees profit without loss. Even seasoned traders like Buffett have experienced 'waterloos' in their decades-long trading careers. But one thing is clear: stabilize your emotions, adjust your mindset, and allocate reasonable positions. For leveraged products like contracts, any price fluctuation can cause huge changes in assets. You must learn to calm your inner self during this process. Remember, trading contracts is not a sprint with acceleration, but a stable-paced long run.
