#ETH You may not know how to play contracts at all (valuable insights). If your contracts are in a losing state and you want to turn losses into profits, then you need to read this article carefully. Follow the seven points below to ensure you can achieve profitability 100%.

1: Learn to take profit and cut losses
The market changes rapidly, and you must learn to take profits and cut losses. This may sound difficult, but it's not. Taking profits is about controlling your own greed; a cryptocurrency won't rise indefinitely, nor will it fall continuously; everything has a cycle. Therefore, taking profits becomes especially important. Don't always worry about closing positions too early and missing out on future profits! You must remember that the money in the crypto world is never-ending, but the money in your account can be lost completely.
Stop-loss means giving up sunk costs, which is also very difficult. Don't always think that if you hold on for a moment, the market will reverse in the next second. Never think like that. If you're wrong, you're wrong; you have to admit it. Stand at attention when facing a loss. Although it hurts to cut off a limb to survive, it can really save your life. Second: Do not trade frequently.
It's a big taboo to always think about making money on both sides? Wake up, not many people can do that. Just be content if you can profit from one side. Another point is the transaction fees; it's manageable with low leverage, but with high leverage, it becomes difficult. As soon as you open a position, you're losing 1-2 points of profit. You need to ensure that this trade will be profitable; otherwise, opening it is meaningless, and all your earnings go to the market makers as fees!
Three: Learn to be in cash
When you don't understand the market, don't blindly open positions. At this time, you have to say that missing out on the market is uncomfortable. So I have to ask you, is it more uncomfortable to miss out or to incur losses? Not understanding the market and blindly opening positions without a clear direction is no different from gambling!
Making trades relies on a probability advantage; no one can accurately predict whether the price will rise or fall. The market changes too quickly, so one can only say that it is highly likely to rise or fall.
Four: Step by step
Don't always think that you can become a big fat person in one go; haste makes waste!
The cryptocurrency world won't make you rich overnight. For example, if you invest 100 and leverage it 10 times, your position is 1000. If it goes up by one point, you earn 10, and if it goes up by two points, you earn 20, which is enough for a breakfast. Nowadays, working in a factory earns about 15 per hour. If you make three to four trades a day with a win rate of 60~70%, it's not more comfortable than working in a factory.
Five: Do not heavily invest all in one go.
Don't take a heavy position stud, if there is an accident, it will be gone, for example, the market is rising according to expectations, and a blockbuster news suddenly takes a sharp turn, and you just don't set a stop loss, then it's over! Therefore, don't be in a hurry, it must be a light position, steady, there is no shortage of market in the currency circle, there is no shortage of opportunities, it will always be there, at least in the next 10 ~ 20 years, so don't be confused by the illusion in front of you!
Six: It is essential to integrate knowledge and action.
This point is indeed quite difficult, including that sometimes I can't fully achieve it; human weaknesses are hard to grasp!
Seven: Only trade mainstream currencies.
Only deal with mainstream currencies like Bitcoin and Ethereum. Try not to touch other coins, as they can wipe out your account in an instant!
I used to be a novice as well. I didn't understand these basic issues at first and blindly opened positions without any plan! After being in the industry for a while, you will realize that the crypto world can really change your fate! The premise is that you must have a mindset that far exceeds others, the courage to take risks, the decisiveness to cut losses in time, and the determination to survive at all costs! Otherwise, you will never become that 1% destined person!
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