Previously, a fan reached out to me, owing 600,000 in foreign debt, with relatives and friends avoiding her. She scraped together 3,000 USDT asking for help to start.

Considering her impulsive but eager-to-learn and obedient character, I customized a rolling strategy with margin management for her, strictly controlling the leverage ratio. In just 6 months, she managed to pay off her debts and return to a normal life!

Recently, the cryptocurrency market has been highly volatile, with two major liquidations in December: on the 12th, 153,000 people were liquidated for 532 million USD, with 75% being long positions;

On the 15th, a single day saw liquidations of 1.946 billion USD, with short positions accounting for 75.8%. If you want to play contracts without falling into pitfalls, you must remember these 8 ironclad rules!

1. Use stop-loss as a norm in leverage games, don't stubbornly hold on to frequent stop-losses, pause trading to optimize strategies;

2. Reject the fantasy of getting rich overnight, stay away from heavy investments, and strictly control positions during volatile periods;

3. Follow the trend and do not go against it. Just like the recent one-sided BTC market, going against the trend will lead to being harvested;

4. Stick to the profit-loss ratio, and for trend trading, open positions only with at least a 1:3 profit-loss ratio;

5. Avoid frequent trading; beginners shouldn't chase every wave of the market, as most are harvesting traps;

6. Only make money within your understanding; absolutely avoid unknown cryptocurrencies and strategies;

7. No holding positions is allowed; beginners must set stop-losses in advance, as holding positions is the starting point for liquidation;

8. Don't get carried away with profits; preserving profits is more important than earning more.

If you are still lost and falling into traps in the cryptocurrency market, without direction or strategy, come find me, and I will help you stabilize and reach the shore. @比特阿猫

Scan the QR code below to add me for more convenient communication in the Binance chat room.