Contract Position management and skills, once enlightened, ordinary people can also turn the tide in the crypto world

1. Control Position
Only by properly controlling your Position can you have a chance of stable profits. Otherwise, your account will only end up in failure. Generally, only 10% of your funds should be put into the market. If your account has only $10,000, then each order will be $1,000, regardless of whether it is long or short. In a good market, if there is a profit from the order, the stop loss should be set at the opening price. Don't be too heavy on Position no matter how confident you are in the market. If you are losing money on the order, never add to it against the trend, unless you have billions of dollars to spare.
【Position Management】
Managing Positions in contract trading is crucial. For example, if your account has $10,000, it is best to allocate 5-10% as Margin, which is $500-$1,000, equivalent to 50-100 contracts. Investors can enter the market at different points in two or three batches.
【Order Supplement Tips】
If the leverage is the same for adding orders, the next step is to supplement the Position. The Position ratio is 1:2:3. For example, the first order is 10 lots, the second order is 20 lots, and the third order is 30 lots. If the initial leverage is 20 times, the Position for the second order is 50 times, and the Position for the third order is 100 times. There can be up to three orders, and the sum of these three Positions is one-tenth of your total Position. Flexible adjustment of leverage and Position allows for instant recovery or profitable exit!
【Leverage Tips】
1. The size of the leverage is determined based on the market conditions. For major market conditions, use long term, and for smaller risks, use small leverage to withstand risks.
2. Fast in and out, high leverage, quick returns. It is generally recommended to take profit at around 30-50% profit, as the market changes too quickly and we need to learn to respect the market and stop when it is appropriate.