At the beginning, I was doing low-multiple contracts, 5 times, and I found that when I was doing low-multiple contracts, my judgment of the trend was very accurate. Of course, this is not a very difficult thing. The returns can often reach 2 times or 3 times, and the highest one has reached 8 times. The cumulative returns have reached more than 30 times. Sometimes when I encounter a decline, I just have to resist it, and my overall mentality is also very good.
Later, I felt that 5 times was not enough, so I started doing 20 times. For a month, I wondered if I was being targeted. As long as I was long, it would never go up, and as long as I was short, it would never go down. The key is , if I close a long position, it will immediately skyrocket, if I close a short position, it will immediately plummet, forget it once or twice, it has been like this for a month, it can make people angry to death, and in the currency circle, it is up to 5 Fluctuations of one point are normal, but if it falls by 4 points, the long position will be liquidated. If it rises by 4 points, the short position will be liquidated. If the liquidation is too large, the person will become numb and have no feeling. I later started to wonder if this trading platform had an automatic monitoring system. As long as it detected that someone had opened a contract for more than 20 times, it would automatically roll over the liquidity pool and eat up the order. After eating, it would return to normal. When it goes up, it should go down. Don’t say that the list is too small to look at. No matter how small a fly is, it is still meat.
The difference between low-multiple contracts and high-multiple contracts
First, the mentality is different
I make a 5x contract. No matter whether the price goes up or down, I lose as long as I take a look.
I did a 20x contract, it's over, it's down 2 points, should I run, if I run, I'll lose money, if I don't run, I'll be liquidated, this jerk platform is targeting me again, in the end I can only sigh, ups and downs are all fate, no one can control it
Second, the judgment is different
To make a 5x contract, you only need to make a rough judgment
It is useless to make a rough judgment when doing a 20x contract, because there is a short-term fluctuation, which cannot be predicted. It is just gambling, pure gambling.
Third, the operation is different
If you do a 5x contract, you don’t need to operate it for a few days, half a month, or even half a year, and you can uninstall the app directly.
If you do a 20x contract, you may have to trade dozens of times a day, but in the end all your money will be eaten up by the handling fee.
If you can make 5 times, you can do it in the long run, but if you can make 20 times, you dare not do it in the long run
After you have done a contract, you will not want to play spot, after you have done a high multiple, you will not want to play a low multiple.
So don't try to make a contract with a multiple of more than 20 times easily, it is very, very dangerous. Don't do it with a multiple of 10 times either, just do it with a multiple of 5 times. However, as long as you make a contract, you will inevitably go to a higher multiple until the position is liquidated and the position is reduced to zero. This is a very long process. It's not just about liquidation once, but liquidation after liquidation. You have to pay a lot of tuition fees. 99.999% of people, even if they pay the tuition fees, lose their fortunes, their families are broken up, their wives and children are separated, and in the end they still get nothing.
