Newbie trading contracts, newbies must read.

Recently, many fans mentioned that if they are just starting out, they don't know how to operate. When they first come in, their funds are also under 1000U, and they ask me for good strategies. Today, I will share my suggestions. For example, if you have 1000U, divide it into 10 parts, and invest 100U each time, with a leverage suggestion of 20X. Newbies find it hard to control their mindset with too high a multiple. The remaining 900U should be placed in a financial account. If you lose the 100U, you must not think about averaging down. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid of missing out on market opportunities; Bitcoin's volatility is always present. There are significant fluctuations every month, and there are many opportunities, it just depends on your luck. Once adjusted, you can change the remaining 900U into 10 parts of 90U each, and then reinvest. This time, be more cautious, strive to earn back this money. Suppose you earned 300U this time; you keep 100U and transfer out the remaining 200U. This way, you will feel more secure, and your mindset will be much better. Never invest everything; if a black swan event occurs, you could lose everything at once and have to start over. Objectively speaking, in contract trading, just open at 10X. If you are wrong in your direction and it drops 10%, you will get liquidated. And with BTC, a 20% fluctuation in a year is very normal. If you always go in with full margin, then all the profits you made before will be meaningless, and in the end, it will all return to zero. Walking by the river, no one can guarantee that you will be right every time. A remarkable trader with a 60% success rate is already very impressive. Therefore, position management is extremely important. Even if you have a 90% win rate, a single mistake can lead to irreversible consequences.

Learn trading knowledge, implement light position operations, and reduce losses. Most people lose money in trading because they do not understand the market well enough and do not know how to control their positions and manage risk. Therefore, avoid increasing positions when feeling unwell; instead, reduce or close positions. If losses exceed 2% of total funds in one day, it is time to be alert. When losses reach 6%, clear all losing contracts and set a breakeven price for profitable contracts, then take at least 2-3 days off. Chasing after price increases is dangerous; do not blindly chase unless market conditions are clear. Be cautious when increasing positions after a profit, especially after significant gains, as new positions often lead to failure. If you want to increase your position, either act immediately or wait until a significant pullback ends, and follow the pyramid method for adding positions. When margin profit exceeds 200%, set a 40% retracement take profit for half and a breakeven price take profit for the other half. This is to protect profits and ensure that significant gains do not turn into losses. Never trade when feeling down, depressed, or troubled in life. If there are overall losses in the past 24 hours, you should also take 2-3 days off. Never trade against the trend, reduce trading frequency, and look for the right time to enter the market. For correct trades, maintain a base position as much as possible, since correct decisions may continue to yield profits.

Newbie suggestion:

Newbie funds, starting from 30-50U

High leverage, 20x leverage

Stop Loss: Set a stop loss when entering, with a stop loss of 20-30 dollars in loss.

Take Profit: Hedge Take Profit (Profit Retracement 30%, Take Profit Strategy)

Profit withdrawal, deposit starts from 500-1000 USD each time, do not exceed too much.

Practice your skills well, then consider increasing your position. If you want to earn more, you also need to increase your position. Start with small things, build a solid foundation, maintain a steady mindset, and earning millions will come easily.