Can perpetual contracts really make money?
% of $BTC 99 people are not suitable for trading contracts, and those who do not withdraw in time ultimately lose almost everything. Currently, the successful contract traders are Yaoying, Yuxu, and KK. Dayu said that contracts are not suitable for ordinary people, but I think that statement is too modest; contracts are simply not meant for people to play with.
$ETH The market fluctuates every day, and there are infinite retracements; you can only make short-term profits with large positions to earn fees. If you don't write an analysis in advance and place orders casually, you will at least face fluctuations starting from 1 hour, and sometimes holding positions for two days still results in stagnation, which is quite frustrating. Even though you know the direction of the market, the market always washes out before major movements, forcing longs and shorts to differ by 200-500 points. If you haven't captured 100 points and closed your position, you incur fees, and your stop-loss with profit is basically swept away.
Most people will set stop-losses after making a profit, but small adjustments before major fluctuations in the market will always sweep away stop-losses. Those with skills may not set stop-losses; they wait for automatic profit-taking or use short positions to hedge against bottom long positions. These advanced strategies are not accessible to ordinary people. I usually write analyses in advance and place orders, looking at the market less to avoid being disrupted by fluctuations. Recently, I also couldn't understand the market, and I withdrew two months' profit, mainly losing on altcoins.
$SOL The core is to wait for orders, analyzing the high and low points to place orders can avoid chaotic operations of chasing highs and cutting lows. The platform is full of promotional articles about cryptocurrency, and even Koreans are not trading coins much anymore. US stocks are only rising, while A-shares and Myanmar currency are like a sleeping dragon and phoenix chick; this year, the Myanmar currency is worse, and only crypto players are taking hits; many people lost everything overnight on October 11.
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