You may not know how to trade contracts at all! If you are losing money in contract trading, this article is worth your careful reading. Please follow the suggestions below to ensure profitability:

A seasoned trader shares their insights:
1. Learn to take profits and cut losses: Market changes quickly, taking profits controls greed, cutting losses means abandoning sunk costs. Remember, there’s no shortage of money in the crypto world, but accounts can be wiped out. Make sure each trade has reasonable volatility tolerance.
2. Avoid frequent trading: Frequent trading not only makes it difficult to achieve both long and short gains but also increases transaction fees. With high leverage, opening a position can lose 1-2 points; ensure every trade is profitable.
3. Learn to hold cash: Don’t open positions when you don’t understand the market, to avoid blind trading. Market fluctuations are unpredictable; sometimes, holding cash requires more courage than holding a position.
4. Progress step by step: Investing is a gradual accumulation process. Don’t expect to get rich overnight; instead, increase your returns gradually through small investments and reasonable leverage.
5. Never go all-in with high leverage: High leverage carries huge risks. If the market reverses, you could lose everything. Stay rational and don’t take reckless risks out of impulse.
6. Combine knowledge and action: The hardest part is integrating theory with practice. Even experienced traders sometimes find it difficult to do this perfectly.
Remember, I was once a beginner too, unfamiliar with basic rules, opening trades arbitrarily. But over time, I understood the potential of the crypto world. I hope this article can help you, so you can avoid detours on your crypto journey.