If you must play contracts, remember the following points!!
If you must play contracts, remember the following points! It's crucial!
1. Playing contracts is about betting small to gain big; experiencing losses is normal. However, after hitting a stop-loss, two types of people emerge: some will frantically open orders after a stop-loss, while others will enter a cooling-off period.
My advice is that if you encounter frequent stop-losses, you should calm down, temporarily stop trading, and adjust your strategy.
2. Don't rush to succeed; trading is not a means to get rich overnight. When encountering losses in trading, maintain a calm mindset. Don't rush to open orders, and definitely don't go all-in.
3. It's important to recognize the major trend. When you can see a one-sided market through the chart, you should go with the trend and not trade against it, as going against the trend is the root of losses. Both beginners and experienced traders have a habit of trading against the trend. However, once the market trend is established, trading against it can lead to severe losses, so we must learn to go with the trend and patiently wait for opportunities to act.
4. You must manage your risk-reward ratio well; otherwise, it's hard to make money. Ensure that profits are as large as possible compared to losses, and at least maintain a 2:1 ratio before considering opening an order.
5. Frequent trading is a major taboo in contracts. If you are not a contract expert, you must restrain the impulse to open orders blindly, especially for new players who are full of passion for the market and want to seize every opportunity. However, most so-called opportunities will lead to losses.
6. Only earn money within your understanding; this is very important.
7. Do not hold onto losing positions; holding onto contracts is a major taboo, especially for beginners. You must ensure you have a stop-loss in place; holding onto positions is the beginning of a downward spiral. Again, I remind you not to hold onto positions.
8. Don't get carried away when in profit; getting carried away will inevitably lead to losses.
$BTC #孙宇晨购得喜剧演员

A formula teaches you how to set stop-loss and open positions in the cryptocurrency contract
Important reminder: Be sure to use 10% of the total investment funds to trade contracts!! Total investment funds are not your total assets!!!

You must be very envious of others opening 50x100x positions, right? Do you also fantasize about opening a high leverage position? Do you jump in as soon as the price hits? So how should I open a position and set a stop-loss?

First of all, to survive in the cryptocurrency market, stop-loss is essential; no one wants to experience another liquidation like 818 and 518.
Secondly, while the leverage magnifies profits, it also magnifies losses. Therefore, before opening a position, you must first determine the stop-loss amount, generally calculated as 1-2% of the total contract funds, for example: if the total contract funds are 1000U, then 1000U x 1-2% = 10-20U. This amount is the loss you can bear!!

After confirming the amount you can bear for each order, use the following formula to calculate the position size.

Number of coins x Stop-loss distance = Loss amount

Taking a long position as an example, if my stop-loss amount is 20U and the stop-loss distance is when BTC drops 1000 points from the opening price, then I can open 20/1000 = 0.02 BTC. 0.02 BTC is the amount you can open, and if the stop-loss is triggered, the loss will still be 20U.

From the above formula, it can be seen that the stop-loss amount and the stop-loss distance determine the position size, while the contract leverage does not affect the position size; even if you open at 10000x, my stop-loss amount is still 20U.

Note: Please use the full position mode for high leverage, otherwise -100% will result in liquidation. In full position mode, even with a -1000% change, according to the above formula, my loss amount will always be 20U.
#BTC再创新高97k
$BTC

Go check the grayscale yourself. It's currently hanging around 97000 in large areas. Check the position yourself; it should be flat if it’s below 9200/9300.
$BTC

Basically, we're about to start a callback, babies, take care of your wallets.

Let's see who the seventh is
$BTC

How to Avoid Pitfalls as a Newbie in the Crypto World?
Advice for Newcomers in Crypto
1. Don’t touch contracts!!!
The crypto world has many seasoned traders, and many experts have lost everything in contracts. Newbies should stick to spot trading and hold onto their assets.
2. Don’t play with small coins
Most small coins in the crypto world are designed to exploit investors. They can drop to zero, and those that fall over 99% in value, which you haven't heard of, should be avoided. Stick to mainstream coins.
3. Don’t use small exchanges
Small exchanges always come with the risk of disappearing or going offline, which could lock all your funds. It is advisable to use mainstream exchanges and consider spreading your funds across these exchanges.
4. Don’t have overly high expectations
The era of making tenfold or hundredfold gains is over. Now that many institutions and elites have entered the market, the big profits are gone. Achieving a doubling of your investment is already impressive. If you can avoid losses, you’ve already outperformed over 90% of people.
5. Don’t store money in unknown wallets
For large amounts, it is advisable to store your funds in a wallet, as exchanges also have risks. For small wallets, there can also be risks of disappearing.
6. Don’t engage in ultra-short-term trading
The fluctuations in the crypto market can be significant; it is common for Bitcoin to drop by 20% in a day, and altcoins can halve in value. It is difficult to control short-term trades, so hold onto the coins you have.
7. Set stop-loss and take-profit levels
Set targets for yourself. If the price drops to a certain level, execute your exit strategy. If it rises to a certain point, sell decisively, regardless of how much more it may rise afterward. Many people lose money in a bull market because they fail to take profits in time.
8. Don’t bring all your funds into the crypto world
The risks in the crypto world are too high, and both deposits and withdrawals carry risks. It is advisable to use your spare cash for initial practice in the crypto space.
9. Continuously learn and gain knowledge
You can’t earn money beyond your understanding. Even if you make a lot of money at first, if your understanding doesn’t keep pace, you will quickly lose it back. Constant learning to improve your understanding is crucial.
10. Find an experienced and reliable mentor
There are many pitfalls in the crypto world, and over 99% of people lose money. Find a reliable mentor with experience from whom you can learn. While it may not guarantee profits, it can help you avoid many pitfalls. However, do not seek mentors who promote contract trading.
$BTC

Achieving financial freedom in the cryptocurrency world, summarized seven iron rules for trading!
1. If a strong coin falls for 9 consecutive days at a high position, be sure to follow up promptly.
2. If any cryptocurrency rises for two consecutive days, be sure to reduce your position promptly.
3. If any cryptocurrency rises more than 7%, there may still be an opportunity to rise the next day; continue to observe.
4. For strong bull cryptocurrencies, be sure to wait until the pullback is over before entering the market.
5. If any cryptocurrency has three days of flat volatility, observe for another three days; if there is no change, consider switching coins.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, exit promptly.
7. If there are three in the rising list, there must be five, and if there are five, there must be seven. For cryptocurrencies that rise for two consecutive days, enter at a low point; the fifth day is usually a good selling point.

$BTC

In the cryptocurrency world, those with more than five years are considered old dogs, while those with four to five years are seen as old cannons.

What experiences can instantly make someone recognize you as a dog or a cannon?

eos three waves, thousand coins freedom. Saw 100u

Oh, not bad, bought a transaction fee, got rich.

$BNB

The air force is ready, the general direction is still bullish, but there should be a big correction in the short term. (Personal opinion only)

My plan is to follow the big players to eat some contracts first, with a lighter position.
There should be a big market around Christmas.

Main observations $ETH $SOL $ADA

Remember these rules in the crypto world
I want to share an extremely practical rule for the crypto world, it's really quite useful! When there's a big drop in the morning, it's a good opportunity to increase your position; when there's a big rise in the morning, quickly reduce your position to secure profits. If there's a big rise in the afternoon, just reduce your position and don't be greedy; if there's a big drop, the opportunity to buy is right in front of you the next day. In the morning, if it drops, don't sell your coins, buy more at low prices for T0, and in the afternoon if it rises, don't chase the price, wait for T1 operations.
Don't trade short in a bull market, and don't trade long in a bear market. Control your position, and rolling operations are the best strategy.
Don't hesitate, don't take chances, follow the rules to operate, and I believe you will reap a lot!
In a bull market, don't sell in a downturn, in a bear market, don't chase the price rise." Let's seize every opportunity together and embrace every day in the crypto world!

Binance registered users exceed 240 million
$BNB

Must-read for cryptocurrency enthusiasts! To avoid risks, you need to understand the
Cryptocurrency Risk Avoidance Guide:
1. Legality of trading cryptocurrencies: Currently, trading cryptocurrencies is not illegal, but be aware that banks may restrict accounts,
2. Making money from trading cryptocurrencies and property crimes: Trading cryptocurrencies through legitimate channels does not count as a crime of unexplained property sources, but the risks must be borne by the individual.
3. Reasons for suppressing virtual currencies: Virtual markets are difficult to regulate and can easily be exploited by criminals.
4. Selling USDT and involvement in criminal funds: Selling cryptocurrencies may involve criminal charges, be mindful of the source of funds.
5. Selling USDT at high prices and illegal business crimes: Illegal business crimes often target exchanges and cryptocurrency traders.
6. Issues with multiple account freezes: Multiple freezes may be regarded as being aware of the situation.
7. Selling USDT on exchanges: Risk of receiving black funds leading to account freezes, carefully choose exchanges.
8. Legality of cryptocurrency traders on exchanges: Cryptocurrency traders must be cautious of criminal charges.
9. Selling USDT at high prices over-the-counter: Receiving criminal funds is illegal, proceed with caution in transactions.
10. Compliant cryptocurrency exchanges: It is recommended to choose compliant exchanges, cryptocurrency is not outside the law.
11. Cash deposits: Be aware that cash deposits may be inspected, operate legally.
12. Large account deposits of over a million: Large transfers must be handled with caution, stay away from illegal activities.

$DOGE $BNB $EOS

Took a P eye $eos