TWAlanChen

If you've been trading cryptocurrencies for over a year and haven't made 500,000, after reading these practical insights, if you still can't make money, just come find me to chat!

1. Don't panic after stopping losses: Trading contracts is inherently a game of risking small amounts for large returns; losses are completely normal. After a stop loss, some people become anxious and frantically open new positions, hoping to recover quickly; others rationally pause to enter a cooling-off period. Take advice, if you're frequently stopping losses, don't get carried away, immediately stop, clear your mind, review strategies to find loopholes; recklessly opening positions will only lead to deeper losses.
2. Abandon the desire for quick success: Trading is by no means a means to profit overnight. Getting overly anxious after a loss, heavily investing all in, and quickly opening new positions are mistakes often made by beginners. Remember, maintaining a stable mindset is key; wealth accumulation relies on a steady flow, and you can't rush to eat hot tofu. $ETH
3. Follow the major trend: When a one-sided market arises, going with the trend is an ironclad rule! Both beginners and veterans often fall into the trap of trading against the trend, always holding onto the hope of “catching the bottom or peaking,” only to be severely taught a lesson by the market. Understand the market trends, patiently wait for opportunities, and only by following the major trend can you hit the profitable rhythm. $BTC
4. Master the risk-reward ratio: If you want to profit from contracts, the risk-reward ratio is the core “checkpoint”; if you don't get this right, profits will become an illusion. At least ensure a 2:1 risk-reward ratio before opening a position, allowing the profit space to adequately cover the loss risk; don't engage in losing trades. #币圈
5. Curb frequent trading: Beginners must be especially cautious! Opening positions blindly with every slight market fluctuation, thinking everywhere is gold, is in fact mostly traps. If you haven't developed advanced skills, control your hands and restrain your impulses; trading less and trading wisely is the way to survive. #币圈暴富
6. Maintain cognitive boundaries: Only earn money within your understanding, this is an iron rule. Acting recklessly outside your understanding is like a blind person feeling an elephant; the risks are entirely uncontrollable. Deepen your knowledge, accumulate experience, and “mine for gold” in familiar areas to be solid. #比特币
7. Eliminate holding onto losing positions: Holding onto losing positions is like a “death spell” in contracts; the first lesson for beginners is to learn to stop losses! Once the market reverses, holding onto fantasies and stubbornly resisting will only cause the loss to snowball, plunging you into an abyss; timely stopping losses is crucial. #美国加征关税

If you are also a tech enthusiast and are quietly researching technical operations in the cryptocurrency world, you might want to follow the official account “Bitcoin Walker” to get the latest cryptocurrency intelligence and trading skills.

If you've been trading cryptocurrencies for over a year and haven't made 500,000, after reading these practical insights, if you still can't make money, just come find me to chat!

1. Don't panic after stopping losses: Trading contracts is inherently a game of risking small amounts for large returns; losses are completely normal. After a stop loss, some people become anxious and frantically open new positions, hoping to recover quickly; others rationally pause to enter a cooling-off period. Take advice, if you're frequently stopping losses, don't get carried away, immediately stop, clear your mind, review strategies to find loopholes; recklessly opening positions will only lead to deeper losses.
2. Abandon the desire for quick success: Trading is by no means a means to profit overnight. Getting overly anxious after a loss, heavily investing all in, and quickly opening new positions are mistakes often made by beginners. Remember, maintaining a stable mindset is key; wealth accumulation relies on a steady flow, and you can't rush to eat hot tofu. $ETH
3. Follow the major trend: When a one-sided market arises, going with the trend is an ironclad rule! Both beginners and veterans often fall into the trap of trading against the trend, always holding onto the hope of “catching the bottom or peaking,” only to be severely taught a lesson by the market. Understand the market trends, patiently wait for opportunities, and only by following the major trend can you hit the profitable rhythm. $BTC
4. Master the risk-reward ratio: If you want to profit from contracts, the risk-reward ratio is the core “checkpoint”; if you don't get this right, profits will become an illusion. At least ensure a 2:1 risk-reward ratio before opening a position, allowing the profit space to adequately cover the loss risk; don't engage in losing trades. #币圈
5. Curb frequent trading: Beginners must be especially cautious! Opening positions blindly with every slight market fluctuation, thinking everywhere is gold, is in fact mostly traps. If you haven't developed advanced skills, control your hands and restrain your impulses; trading less and trading wisely is the way to survive. #币圈暴富
6. Maintain cognitive boundaries: Only earn money within your understanding, this is an iron rule. Acting recklessly outside your understanding is like a blind person feeling an elephant; the risks are entirely uncontrollable. Deepen your knowledge, accumulate experience, and “mine for gold” in familiar areas to be solid. #比特币
7. Eliminate holding onto losing positions: Holding onto losing positions is like a “death spell” in contracts; the first lesson for beginners is to learn to stop losses! Once the market reverses, holding onto fantasies and stubbornly resisting will only cause the loss to snowball, plunging you into an abyss; timely stopping losses is crucial. #美国加征关税

If you are also a tech enthusiast and are quietly researching technical operations in the cryptocurrency world, you might want to follow the official account “Bitcoin Walker” to get the latest cryptocurrency intelligence and trading skills.

So scary! In just one week of contracts, the transaction fees actually exceeded the principal!!!
This is what a friend of mine told me, saying that he has been trading contracts quite frequently lately, opening and closing positions every day without even calculating how many times a day. He checked the total transaction fees using the method I taught him, and it turned out that the total fees exceeded his principal!
This friend just realized that transaction fees can be refunded. All these fees were wasted before, with not a single cent returned.
Assuming you use 100u and open 50 times leverage. That means you are trading with 5000u for short or long positions, and the transaction fees on major exchanges average around 0.04%. So you need 2u to open a position and 2u to close it. This means that without doing anything, you already spent 4u in fees from your 100u principal. If you open 5 trades a day, that's 20u in fees; if you go back and forth with 10 trades a day, the transaction fees from your 100u principal can shockingly reach 40u. Opening 20 trades, the fees are basically equal to the principal.
I've seen more than one person in the square explain that they sold slightly higher than the purchase price, yet they still lost money, and that's due to the transaction fees!
So do you realize how much you lose without a rebate? If there were rebates, I could refund you a portion of those fees.
Everyone can check this based on what I posted. When trading contracts, it is absolutely essential to have a rebate!
Also, the most important point is to trade on major exchanges; do not go to unknown small exchanges! Wishing everyone a smooth journey! If you want to know more about rebates, feel free to leave a message in the comments.