Contracts want to live a little longer, and these habits are really important.
Many people think contracts are difficult, but the real challenge isn't the technology; it's the mindset and whether there are rules. I've been in the contract market for 8 years, not because I'm particularly great, but because I've always adhered to a few basic principles.
Let's talk about stop-loss first. Stop-loss is not embarrassing, nor is it a failure. The most prone to accidents are those who get anxious after several consecutive stop-losses, thinking they can make it all back in one go, resulting in more chaos and ultimately a blow-up. My approach is very simple: after a few consecutive wrong trades, I stop immediately, review my trades, and only resume once my emotions are stable. As long as the principal is intact, there will always be opportunities.
Position size is also crucial. Newbies love to go all in, fantasizing about doubling their investment, while the reality is often a complete wipeout. I now have a fixed habit of not exceeding 10% per trade, even if it means earning slowly; I absolutely do not gamble my entire wealth.
The direction must follow the market. Going against the trend usually leads to similar outcomes. When the market is trending in one direction, following the trend, even if you can't hit the peak, you can still come out alive, which is more important than anything else.
Always calculate your profits and losses before placing an order. I don't touch unprofitable trades at all. My standard is very simple: at least a 2:1 ratio; if the profit potential isn't enough, I abandon it directly. Better to miss out than to act recklessly.
I also don't like high-frequency trading. The more you trade, the more frightening the fees become, and it's easier to get confused. I now have fixed times to check the market; if there's no signal, I don't act. Doing less is actually harder than doing more.
I also don't touch random coins. I only trade those I'm familiar with, like BTC, ETH, and SOL. I monitor them daily, and I have a good grasp of their rhythm and temperament, which makes me feel secure when I trade.
One more very important point: you must take a portion of the money you earn. I usually withdraw half of my profits first, and then slowly play with the rest. This way, no matter how the market fluctuates, my mindset won't explode.
The path of contracts has never been about who is smarter, but about who can last longer. The market is there every day, and impulsiveness and greed will continuously eliminate people. Those who can make it to the end are basically those who understand how to protect themselves first.
I am Old Zhang, skilled in medium and short-term contracts and medium to long-term spot layout, sharing investment tips, and detailed strategy teaching points on a daily basis. Friends who don't understand are welcome to reach out to me for communication!
