币圈小白

Many people are interested in contract trading in the cryptocurrency market but don't know where to start. Today, I will share some basic knowledge about contract trading and some practical tips. Newbies, take note!
1. What is contract trading❓
In simple terms, contract trading is an agreement between you and your trading counterpart to buy or sell a certain amount of cryptocurrency at a specific price at a future time. You don't need to actually own these cryptocurrencies; as long as you correctly predict the price trend, you can make a profit. For example, if you think Bitcoin will rise in the future, you can go long; if you think it will fall, you can go short.

If you are in a loss position with your contract and want to turn the loss into profit, then you need to read this article carefully. Follow the 6 self-discipline rules below to ensure you can achieve stable profits (recommended to like + bookmark) to avoid not finding it later. Learn to take profits and cut losses. The market changes rapidly, so you must learn to take profits and cut losses. This is not difficult, as taking profits controls your own greed. A cryptocurrency will not rise indefinitely nor will it fall continuously; there are cycles. Thus, taking profits becomes especially important. Do not always dwell on having closed your position too early and missing out on later profits! You need to remember that in the crypto world, you can't earn all the time, but your account can be completely lost. Cutting losses means giving up sunk costs, which is also difficult. Don't always think that holding a position for too long will be fine; the market may reverse at any moment. Don't think like that; while it may hurt to cut your losses, it can truly save your life. Do not trade frequently. This is a major taboo in the crypto world. Don't always think about double profits from shorting and longing? Wake up; very few people can do that. Be satisfied if you can profit from one side. Another point is the transaction fees; low leverage is fine, but high leverage can be painful. You lose 1-2 points of profit as soon as you open a position. You must ensure that this trade will make a profit; otherwise, it is meaningless, and all your earnings will just go to the market makers as fees! Learn to stay out of the market. When you don't understand the market, don't blindly open positions. At this time, you might say, 'It’s painful to miss the market.' So I have to ask you, is it more painful to 'miss out' or 'lose'? If you don't understand the market and can't grasp the direction, blindly opening positions is like opening a blind box! Trading is about having a probability advantage; no one can accurately predict whether it will go up or down (of course, you can use hedging to reduce directional errors). The market changes too quickly; you can only say that it is highly probable that it will go up or down. Progress gradually. Don't always think that you can become a fat cat in one go; you can’t rush to eat hot tofu! The crypto world won't make you rich overnight. For example, if you start with 100 and use a 10x leverage, your position will be 1000. If it rises by one point, you earn 10, and if it rises by two points, you get 20 in your hands. That’s enough for a breakfast, right? Now, if you go to work in a factory, you earn 15 per hour. If you open three or four trades a day with a win rate of 60-70%, isn't it more comfortable than working in a factory? Do not over-leverage. Absolutely do not over-leverage; a little accident can wipe you out. For example, if the market rises as expected but a sudden major news event causes it to drop sharply, and you happen to not set your stop loss, then you're done! So don’t be hasty; definitely trade with light positions and prioritize stability. The crypto world does not lack opportunities; they will always be there, at least for the next 10-20 years. So don’t be deceived by the illusions in front of you! Know and act as one. This is indeed quite difficult, including for me at times. Human weaknesses are hard to grasp! I was once a novice too; I didn’t understand many basic issues back then and blindly opened positions without a plan! After being in the industry for a while, you will realize that the crypto world can truly change your fate! The premise is that you need to have a mindset far beyond others, the courage to take risks, the decisiveness to cut losses in time, and the tenacity to survive at all costs! Otherwise, you will never become that one percent of the chosen ones!

If you are in a losing position with your contracts, and you want to turn a loss into a win, please read on.
Then you need to read this article carefully; follow these points to ensure you can achieve profits.
One: Learn to take profits and stop losses.
The market changes rapidly; you must learn to take profits and stop losses. This is not very difficult; taking profits controls your greed. A cryptocurrency will not rise endlessly, nor will it fall indefinitely; there are cycles. Therefore, taking profits becomes especially important. Don't always worry about closing positions too early and missing out on future profits! You must remember that the money in the cryptocurrency market is endless, but the money in your account can be lost completely.

Hello everyone, I am Lan Xuan～
Many new friends in the circle look confused: prices fluctuate wildly, news is everywhere, how to play to avoid becoming 'chives'?
Don't rush, today's article is pure practical content, from selecting platforms, choosing coins, reading news to mindset management, leading you step by step onto the path of 'waking up and making money'!
Remember a mantra:
Big platform + popular coins + spot trading to start + cautious contracts + following news + not being greedy = Newbie's stable profit formula!

Step 1: Choose the right platform, avoid shady ones!
Capital safety is always the top priority!
Always choose a reputable top platform, such as Binance, OKX, Coinbase…

A novice entered the crypto world under the guidance of an expert, and after a year, ended up with a debt of 1 million, a broken family, and life plunged into darkness.
The story goes like this:
This novice, whom I will temporarily call the retail investor, is a good husband with a stable government job.
Although his job is stable, his income is not high, and his relationship with his wife has passed the honeymoon phase, beginning to fall into the death spiral of daily necessities.
In his wife's eyes, he is a useless person. Other husbands in the neighborhood earn over 10,000 a month, while he can only take home less than 7,000 in a dead-end salary.

Are you excited when you see 'making money through trading'? But to be honest, this field is not something everyone can handle. Today, I’m going to share my thoughts: who is more suitable for trading and what pitfalls should be avoided!

Many people think that 'a calm personality can succeed in trading', but from my experience, personality alone is not enough in the market! Even if you are usually calm, you will panic when faced with fluctuations when you first enter the market—I remember when I first traded contracts, my hands shook at the sight of account fluctuations, and I couldn't control the urge to 'take a gamble'. In fact, regardless of personality, entering the market will refine you, and ultimately develop a mindset of 'not panicking at rises and falls', which is much more effective than being born calm!

As a poor college student, I used a very simple method to make five figures in a year in the crypto space, with just four steps: selecting coins, buying, position management, and selling. I will explain every detail clearly to you. (It's recommended to bookmark + follow to avoid losing it later.) I have tried many trading methods, which allowed me to achieve relatively continuous profits. I am still using this method today, which is highly effective and very stable.
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Step 1:
Add coins that have risen in the last 11 days to your watchlist,
However, it should be noted that coins that have fallen for more than three days need to be excluded to avoid capital escaping after profits.

In the cryptocurrency market, using candlestick charts to determine entry timing is an important technique in technical analysis. Below are some methods for judging entry timing based on candlestick charts:
1. Identify Trends
• Upward Trend: If multiple bullish candles (green) appear consecutively on the candlestick chart, and each bullish candle's closing price is higher than the previous one, it indicates that the market is in an upward trend.
• Downward Trend: If multiple bearish candles (red) appear consecutively, and each bearish candle's closing price is lower than the previous one, it indicates that the market is in a downward trend.
• Trend Reversal Signals: Certain specific candlestick patterns such as hammer, inverted hammer, morning star, engulfing patterns, etc., typically appear during trend reversals and can serve as entry signals.