How to play contracts in the cryptocurrency market? I achieved an 8-digit number in 7 years, all thanks to these 5 survival strategies.
Brothers and sisters, to be honest, I'm not here to flaunt my profits, I just want to talk about how to truly take money away when trading contracts.
Seven years ago, I entered the market with 3000 U, at that time I didn't even know what leverage was, now I have an 8-digit amount in my account. This is not luck, but because I found the 'survival strategies'.
For example, use 1000 U to test the waters, taking only 100 U with 100x leverage each time. A 1% increase can double your money, but if it drops too much, it could go to zero. So these five rules, I check every day:
First, cut losses immediately if you're wrong, don't hold on stubbornly.
I blew my account twice early on, always thinking about waiting for a rebound, but ended up losing more and more. When it hits the stop-loss point, just go; staying alive gives you another chance.
Second, stop trading after five consecutive losses.
The market can be chaotic at times, stubbornly holding on will only break your mindset. I set a rule for myself to stop and take a break after five consecutive losses, and often find that the opportunity is gone by the next day.
Third, withdraw once you earn 500 U.
The numbers on the screen are virtual, the market changes at any time. I withdraw at least half once I earn 500 U; money in hand is what matters.
Fourth, only trade in one direction, do not act during fluctuations.
When a trend comes, 100x can take you flying; opening trades randomly during sideways movement is just a recipe for disaster. If there's no direction, just wait.
Fifth, do not exceed 10% of your capital in position size.
Never go all in; a lighter position allows you to calmly handle volatility. Going all in is like stuffing ten plates of food; in the end, it’s only yourself who suffers.
These are the experiences I have personally tried, and I hope they help you avoid unnecessary detours.
If you don’t know how to time your trades, you can follow Bai Yue, who will provide real-time analysis and the best entry points in the community. If you want to earn steadily and compound your profits, I can help you make U in this market, so you won’t be like a blind leek, left to be trampled by the market.
