Making trades is not about how much you earn in a day, but about keeping your account alive for a long time.
If you can last long enough, opportunities will naturally come.
Over the years, I have summarized a few very practical practices for trading contracts.
Simple, but can be life-saving.
First, let's talk about profits.
If there is a profit on paper, you must keep an eye on the drawdown.
When it rises to 8%—12%, you should start to defend.
If it returns to your cost, close it directly.
When it rises to 20%, at least keep half.
When it rises to 30%, lock in at least 15%.
No need to guess the high point; just let the profit keep a part for itself.
Now let's talk about losses.
If the position drops to a range you can accept, cut it immediately.
Many people do not lose because of losses, but because they hold on.
You think it will come back, but it does not.
Treat stop-loss as common sense, it must be present in every trade.
Losses are the tuition you pay; what you owe must be paid.
There is also a move that many people overlook.
If the coin you sold goes down, and you still believe in it, buy it back near the original price.
The quantity is the same, but your capital increases.
This method can avoid missing out on trends.
If it doesn't drop much after selling and you don't buy back, when it rises back to where you sold, you should buy again.
This is not chasing; it's about maintaining rhythm.
Of course, it will incur some extra fees, but it can help you avoid many awkward positions. Using it together with stop-loss is more stable.
If you find that the same coin is fluctuating back and forth, and it's hard to pinpoint a suitable entry point, then switch targets. The market is never short of candidates; what is lacking is a few that are easy to handle.
Short-term trading is not random.
Fast does not mean reckless; it means clean and decisive.
Hot spots are not a blessing; they are when there are many traps.
Holding cash is not weak; it's when you judge that the market is not suitable for you to act.
Don't overthink the points.
If you can control the risk and keep a bit of profit, you're already much stronger than many people.
There are opportunities in the crypto world, but there are more traps. Few people can really make money, follow Uncle Nan, and let him help you turn around and recover in this market!
$TAKE $BAKE $CAKE
