Beginner's Guide 2: BTC contract trading position management, how to manage it, just these 12 words, you will understand after reading it
In an uncertain market, the only certainty is stop loss, stop loss is the only thing, and take profit is random.
Risk control can keep you alive. Surviving with a broken arm is painful, but as long as you are alive, there is hope.
1: Fund management
Small funds rely on stud, large funds do asset management
Trading is a speed-changing race. When you encounter good opportunities, you must dare to open and hold positions to achieve leapfrog growth in account funds.
None of the famous speculators in the market made their fortune by relying on compound interest. They all achieved exponential growth of funds through one or several battles.
There are two methods of fund management. The first is to use the percentage of total positions as fund management.
Beginner's introduction: The difference between Bitcoin spot, leverage and contracts. You will understand which one to play after reading this. The difference between Bitcoin leverage trading and futures contracts. Understand the leverage and contract trading in the currency circle in one minute.
Bitcoin Spot Trading
Spot trading is just like buying something in your daily life. You pay with one hand and deliver it with the other hand. If I buy a Bitcoin for 6,000 USDT, then I actually own the Bitcoin. I can transfer it to my wallet or Or give it to others.
The advantage of spot trading is that the coins you buy belong to you. No matter whether the price rises or falls, the number of coins in your hand will not change. The disadvantage is that you can only make profits through an increase in currency prices. If the currency price falls, you can only sell to stop loss or hold the currency.