No one is watching the delivery cabin, so let me share some useful information.
I have some personal tips on making contracts, I hope it will be helpful to friends who are new to the currency circle.
1. When the market fluctuates in a wide range, and the long and short positions go back and forth, it is necessary to actively avoid risks at this time. The risk comes from the exchange's unplugging of network cables and instantaneous huge fluctuations. Or participate in small amounts with light positions. Minimize risk.
2. There are countless counterfeit pins. At the end of a rising market, near the peaking area of Bitcoin, copycat bulls are prone to concentrated selling, causing countless needles. This situation also needs to be avoided.
The principle I give myself is to only do Bitcoin or mainstream medium and large trading volume varieties. Varieties with insufficient trading volume are at great risk in this situation.
3. The maximum retracement under the closed loop of trading logic. I set 50% for myself. Always avoid liquidation. To sum up, when the risk is high, do small things, and when the risks are low, do big things. But to be honest, this degree is more difficult to grasp.
4. Asset allocation. Always play with less than 10% of your liquidity. Withdraw money when the profit reaches The top few contract emperors all made their fortunes with hundreds or thousands of dollars. If you don't have a mine at home, it's best not to compare your principal with others.
Finally, I spent nearly a year exploring the contract myself. Those at the top of the rankings all experienced many liquidations in the early stages. For novices with little trading experience, not playing is the best way to prevent liquidations. It’s important to act within your capabilities. #BTC #WIF #sui $BTC $ETH $BNB
I have some personal tips on making contracts, I hope it will be helpful to friends who are new to the currency circle.
1. When the market fluctuates in a wide range, and the long and short positions go back and forth, it is necessary to actively avoid risks at this time. The risk comes from the exchange's unplugging of network cables and instantaneous huge fluctuations. Or participate in small amounts with light positions. Minimize risk.
2. There are countless counterfeit pins. At the end of a rising market, near the peaking area of Bitcoin, copycat bulls are prone to concentrated selling, causing countless needles. This situation also needs to be avoided.
The principle I give myself is to only do Bitcoin or mainstream medium and large trading volume varieties. Varieties with insufficient trading volume are at great risk in this situation.
3. The maximum retracement under the closed loop of trading logic. I set 50% for myself. Always avoid liquidation. To sum up, when the risk is high, do small things, and when the risks are low, do big things. But to be honest, this degree is more difficult to grasp.
4. Asset allocation. Always play with less than 10% of your liquidity. Withdraw money when the profit reaches The top few contract emperors all made their fortunes with hundreds or thousands of dollars. If you don't have a mine at home, it's best not to compare your principal with others.
Finally, I spent nearly a year exploring the contract myself. Those at the top of the rankings all experienced many liquidations in the early stages. For novices with little trading experience, not playing is the best way to prevent liquidations. It’s important to act within your capabilities. #BTC #WIF #sui $BTC $ETH $BNB