When I first entered the cryptocurrency world, I thought contracts were just gambling!!!
Until I survived with a 10% position rule and even made my first bucket of gold.
Today, I will reveal my practical insights, especially point 3, which 90% of people get wrong!
1. Survive first, then talk about making money
What is the biggest fear in cryptocurrency contracts? Liquidation! My iron rule: always divide total capital into 10 parts, for example, only use 1000U to open a position with 1WU. Even if it liquidates, it's only a 10% cost, and as long as the mindset doesn't collapse, there will still be a chance for recovery.
2. Increase position when profitable, cut losses when losing
The truth about most people losing money: they run when they profit and stubbornly hold on when they lose!
My system is the opposite:
When profitable: only increase position when unrealized gains exceed 20%, never touch the principal
When losing: immediately cut losses at -5%, never average down!
(What the market makers love to harvest are the “cost averaging” retail investors…)
3. Beware of “shitcoin” traps
90% of coins in the crypto world have no value, relying entirely on market makers to pump and dump
My selection criteria:
Only play mainstream contracts; even small altcoins are still appealing
Coins that suddenly surge over 50% will leave you overwhelmed
If you are currently confused about trading and losing money, follow the steps of Brother Xie and feast on profits!!!
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