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You might not know how to trade contracts at all!
If you are in a losing position with your contracts and you want to turn your losses into profits, then you need to read this article carefully. Follow the six points below to ensure that you can achieve profitability 100%.
1: Learn to take profits and cut losses
The market is changing rapidly, we must learn to take profit and stop loss, this is not difficult to say, take profit control is their own greed, a currency will not rise endlessly, nor will it fall all the time, there are cycles, so it becomes particularly important to take profit, don't always care about closing the position early, the profit behind has not been eaten! You must remember that you can't make all the money in the currency circle, but you can lose all the money in your account
Stop-loss means giving up sunk costs, and this is also very difficult. Don't always think that if you hold on a bit longer, the market will reverse in the next second; you must not think this way. If you're wrong, you're wrong; you have to admit it. When taking a hit, stand upright. Although it hurts to cut off an arm to survive, it can truly save your life.
Two: Learn to be in cash position
When you don't understand the market, don't blindly open positions. At this time, you have to say it, missing out on the market is uncomfortable. So I have to ask you, is missing out uncomfortable or is losing money uncomfortable? Not understanding the market and blindly opening positions without grasping the direction is no different from gambling!
Trading emphasizes a probability advantage; no one can accurately predict whether the market will rise or fall. The market changes too quickly, and one can only say it is more likely to go up or down.
Three: Progress step by step
Don't always think that you can become a big fat person in one go; haste makes waste!
The currency circle is not a will make you rich, for example, you use 100 of the book, do more than open a 10 times, the position is 1000, up a point to earn 10 yuan, up two points on 20 to hand, a breakfast money on it, now into the factory to work an hour 15 yuan, open a day three or four singles, the winning rate reaches 60 ~ 70, not more comfortable than entering the factory
Four: Do not go all-in with a heavy position.
Never, ever go all-in with heavy positions; if something unexpected happens, you could lose everything. For example, the market may be rising as expected, but if a major news event suddenly causes a sharp decline, and you haven't set a stop-loss, then you're done for! So, don't rush into it; always take a light position and prioritize stability. The crypto market is not lacking in trends or opportunities; they will always be there, at least for the next 10 to 20 years. Therefore, don't be deceived by the illusions in front of you!
Five: One must ensure that knowledge and action are unified.
This point is indeed quite difficult, including sometimes I can't fully achieve it; human weaknesses are hard to grasp!
You must have a state of mind that far surpasses others, the courage to show your sword, the courage to stop losses in time, and the ruthlessness to survive with a broken arm! Otherwise, you will never be able to become the 2%!