Today's article is purely inspired by my feelings! ! ! !
If you have just entered the cryptocurrency circle, if you are still experiencing daily margin calls, if you are still confused, then you can read the article I wrote today, and you may find common ground with me.
First of all, let me introduce myself. I am a complete novice who has just entered the cryptocurrency circle. I got into the cryptocurrency circle and trading because a benefactor of mine made money from airdrops and introduced me to it. As of today, I have just entered the circle for 4 and a half months. I am a complete novice. So what I say below does not constitute any investment advice and is not directed at anyone. It is just my own opinion.
First of all, if you are similar to me or still don’t know how to invest, you can take a look.
1: Stay away from those who update and post what they have done every day and how they have accurately grasped the points today. I want to ask: You are a god, you can grasp the long and short positions, and you can always grasp the lowest and highest positions. If you are so awesome, why do you still post content here? (Really, please believe me, if you stay away from or block this kind of people, you may be making money. It is undeniable that there are masters who can take advantage of the medium and long-term waves. If you can take advantage of the daily waves, then you would have been the next Jack Ma)
2: Stay away from those posts that talk about 100X and 125X leverage. No one can survive under high leverage (what you see is what you see). I personally have a personal experience. I started with 2X, then 3X, then 5X, and now I am stuck at the highest point. Of course, it also has a lot to do with my own ability and lack of cognition. So when trading, you must first protect your principal and survive before you have a chance to turn things around. . .
3. Don’t touch the copycats. If you are a newbie, just try BNB, BTC, and ETH.
4: Many people say that contracts will eventually return to zero. In fact, the risk of contracts is really high, but there are also high returns. Whether to touch contracts is actually a matter of opinion. For example, my principal is only 5,000U. If I don’t use contracts, even if I buy spot from the low point to the high point, I may only make 2-3K U in a bull market. What’s the point? It’s a pity to throw it away, so I personally think that when the principal is small, you must use contracts (it must be a low-multiple contract). If your principal is relatively 30,000-50,000 U, you can buy spot and then find a low point to buy BTC and open a 2-3x contract to go long (only in the current bull market)
5: Finally, I'd like to say something to some idiots~~ I see a lot of people asking for things like how many points to enter, how many points to lose, how many points to win~~~ and so on under some posts. For such people, I suggest you change U to R and find a position to work properly, because it is impossible for you to make a profit.
6: After being in this circle for a long time, you may have no concept of money, because we are all U~~ Brothers, think about it, 100U is more than 700R, don't get carried away.
6: Don’t be anxious or confused during a bull market. Just buy spot and buy on dips based on your own capital (this is also for myself, because I also check the square every day and get anxious because of these SB gates’ square information. I am also stuck at a high point and can’t sleep well at night.). Let’s encourage each other!!! I heard that those who like this post can see a 20CM upward column~~ I don’t know if it’s true or not, haha