If your contract is in a loss state and you want to turn that loss into profit, following these points can help you make money.
1: Learn to take profits and cut losses.
The market changes rapidly, and you must learn to take profits and cut losses. This is not as difficult as it sounds. Taking profits controls your own greed; a cryptocurrency will not rise endlessly, nor will it keep falling—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 world is endless, but the money in your account can be lost completely.
Cutting losses means abandoning sunk costs, which is also very difficult. Don’t always think that if you just hold on a bit longer, the market will reverse in the next second—never think like that. If you're wrong, you're wrong; you must acknowledge it. Taking a beating requires standing firm. Even though losing an arm to survive is painful, it can truly save your life.
2: Do not trade frequently.
A big taboo is always thinking about making profits from both sides. Wake up! Not many can achieve this; be satisfied if you can profit from one side. Another point is transaction fees. If the leverage is low, it’s okay, but with high leverage, it gets painful. You lose 1-2 points right when you open a position. You need to ensure that this trade will make money; otherwise, opening it is meaningless, and your profits will all go to the broker as fees!
3: Learn to stay out of the market.
When you don’t understand the market, don’t blindly open positions. At this point, you might say, "It's tough to miss out on the market." So let me ask you: is it tougher to miss out or to incur losses? Not understanding the market and blindly opening positions is no different from gambling!
Trading is about having a probability advantage; no one can accurately predict whether it will rise or fall. The market changes too quickly, and all you can say is that it is more likely to go up or down.
4: Take gradual steps.
Don’t always think you can eat a lot at once; being impatient won't let you eat hot tofu!
The cryptocurrency market doesn’t make you rich overnight. For example, if you have a capital of 100 and leverage it 10 times, your position will be 1000. If it rises by one point, you earn 10, and if it rises by two points, you get 20—just enough for a breakfast! Now, working in a factory for an hour pays about 15. If you open three or four trades a day with a win rate of 60-70%, it might be more comfortable than working in a factory.
5: Never go all in with heavy positions.
Absolutely do not go all in with heavy positions; a little accident could wipe you out. For instance, if the market was expected to rise, but suddenly a major piece of news causes it to plummet, and you just happened not to set a stop-loss—then you’re done! So don’t rush; you must go in with light positions and prioritize stability. The cryptocurrency market is not lacking in trends or opportunities; they will always be there, at least for the next 10 to 20 years. So don’t be deceived by false appearances!
6: You must ensure that knowledge and action go hand in hand.
This point is indeed quite difficult; even I sometimes cannot fully achieve it. Human weaknesses are hard to grasp!
I didn’t understand these basic issues at first. I opened positions blindly and without a plan! After being in the industry for a while, you will realize that cryptocurrency can truly change your fate! The premise is that you must have a mindset far beyond others, the courage to take risks, the decisiveness to cut losses in time, and the determination to survive at all costs!
#币圈暴富 #币圈起伏落袋为安 #币安赚

$BTC $XRP $SOL
I need fans, and you need references. Guessing is not as good as paying attention.