When I first entered the crypto world, I also 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 the third point, which 90% of people get wrong!
1. Survive first, then talk about making money
What is the most feared thing in crypto 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 gets liquidated, it’s only a 10% cost, and as long as the mindset doesn’t collapse, there’s still a chance to turn it around.
2. Add to positions when profitable, cut losses when losing
The truth behind most people losing money: they run when they make a profit, but hold on stubbornly when they lose!
My system is the opposite:
When profitable: only add to the position when floating profit exceeds 20%, never touch the principal.
When losing: stop loss immediately at -5%, never average down!
(The dealers love to kill those “cutting down on costs” retail investors…)
3. Beware of the “shitcoin” trap
90% of coins in the crypto world have no value, relying entirely on dealers to pump and dump.
My selection criteria:
Only play with mainstream contracts, even small altcoins are still appealing.
Coins that suddenly surge over 50% make your hands soft.
If you are currently confused about trading and losing money, follow along with Brother Gen and feast on the profits!!!
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