Many people asked Chongge: Why don’t you bring a contract? Wouldn’t you earn more with a contract?
Today, Chongge will tell you what is a cryptocurrency contract, what are the points to pay attention to in the contract, and why Chongge does not bring contracts!!!
1. What is a cryptocurrency contract?
Contracts are divided into perpetual contracts and delivery contracts!
The main difference is that perpetual contracts have no expiration date or settlement date! Delivery contracts have a deadline, and will automatically close and settle upon expiration! Basically, small retail investors play more perpetual contracts!
The contract is also divided into full-position mode and position-by-position mode!
The main difference is: in the full-position mode, the margin is shared. As long as one order can't hold up and explodes, everything is lost! In the position-by-position mode, the margin of each position is established separately, and they are not affected by each other. If it explodes, only part of it will explode! (In short, the explosion is the fate of the contract)
Contracts are also divided into currency-based contracts and U-based contracts!
The main difference is: one earns U and the other earns coin. Chongge recommends that you use coin standard when you go long and U standard when you go short! Earn coin when the price goes up and U when the price goes down
The simplest way to understand a contract is to multiply your capital. With leverage, your profits or losses will be magnified. It can be summed up in two words: exciting!
2. What are the points that need attention in the contract?
1. Don’t resist orders, set up stop-profit and stop-loss! Don’t think that you have a lot of funds and can withstand a large retracement. You should know that a single liquidation of tens of millions is also very common in the currency circle. There is a power called plug-in!
2. Try not to leave the contract overnight. It is best to close the position or set a stop profit and stop loss before leaving it overnight to avoid regrets the next day!
3. For large funds, try to choose large exchanges to place orders to avoid being unable to withdraw profits later! Don’t be greedy for the cheap handling fees, because small exchanges are targeting your principal!
4. Before selecting the currency for the contract, please check the trading volume of the contract. If there is not much volume, do not play with small currencies to avoid being unable to close the order later!
5. If you lose money on the contract, just accept it. If you make money on the contract in the short term, withdraw the money and store spot goods. The cryptocurrency circle is still dominated by spot goods. Even if you lose money on the contract later, you still have the capital to make a comeback!
6. Now that you have read this, please like, comment and forward Chongge’s post!
3. Why doesn’t Chongge bring a contract?
1. Contract orders require a long time of watching the market and the market conditions. Brother Chong is usually very busy and cannot pay attention to short-term market fluctuations in real time!
2. The current market is in a bull market in the cryptocurrency circle. When the market is good, the rate of return on cash may not be lower than that of the contract!
3. Old fans should understand! I won’t elaborate here!
Here is another fan’s statement:
This fan has been in the circle for many years, and in 2018 he still had more than 1,700 Ethereums!
The final successful ones in the cryptocurrency circle are definitely those who play spot, or those who make money from contracts and hoard spot!! There are some things that you have to experience to understand. Chongge really does not recommend playing contracts by yourself. If you really want to play, you can find a reliable KOL to take you to play!
It is difficult for ordinary retail investors to make money in the cryptocurrency world. Without going through a few rounds of bull and bear markets, your knowledge cannot be improved! The bull market has come, and if you still plan to study on your own, you may miss this bull market!
Just like the old leeks in the cryptocurrency circle mentioned above, after experiencing several waves of bull and bear conversions, they still chose Chongge because he is professional, reliable, and capable, so he is trustworthy! ! ! !
You can walk fast alone, but you can go far with Brother Chong!
1. "The best time to buy is when others are panicking, and the best time to sell is when others are greedy." - Warren Buffett
2. “It takes patience at the beginning of an investment and discipline at the end.” - John Bogle
3. “Don’t put all your eggs in one basket.” -Mark Twain
4. “Investing is a way to make your money work for you, rather than having you work for your money.” Robert Kielworthy
5. “Wealth doesn’t come in a rush; it takes time and patience to build.” -Warren Buffett
6. "The key to success is to see the trend, follow the trend, get out of it luckily and wait for the next trend." - Leander Inge
7. "Investing is not about predicting the future, it's about preparing for the future." - Pete Lynch
