Newbie playing contracts, newbies must see

Understand this article, newbies can turn the tables and earn millions!
Recently, many fans mentioned that if they are just starting out, they don't know how to operate. With initial funds of only under 1000U, they asked me for good strategies, so today I'll share my suggestions. For example, if you have 1000U, divide it into 10 portions, investing 100U each time, with a suggested leverage of 20X. Newbies may have difficulty controlling their mindset with too high a multiplier. Keep the remaining 900U in a wealth management account. If you lose 100U, you must not think about averaging down. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid of missing market movements; Bitcoin's volatility can happen at any time. There are large fluctuations every month, and whether there are many opportunities depends on your luck. Once you've adjusted, divide the remaining 900U by 10 to make each portion 90U, and then invest again, but be more cautious this time, aiming to recover that money. Suppose you earn 300U this time, you should keep 100U and transfer out the remaining 200U; this way, you'll feel more secure, and your mindset will improve significantly. Never invest everything at once because if a black swan event occurs, you'll lose everything in one go and have to start over. Objectively speaking, for contract trading, it’s best to open at 10X. If you're wrong in direction and it drops by 10%, you'll be liquidated, and even for BTC, a 20% fluctuation in a year is very normal. If you're always fully invested, then no matter how much you've earned before, it becomes meaningless, and in the end, it all goes to zero. Walking by the river often, no one guarantees that you'll be right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is crucial. Even if you have a 90% win rate, making one mistake can lead to irretrievable losses.

Learn trading knowledge, implement light position operations, and reduce losses. Most people lose money in trading because they lack understanding of the market and do not know how to control positions and manage risks. Therefore, avoid increasing positions when feeling unwell, and instead reduce or close positions. If losses exceed 2% of total capital in a day, it is time to be alert. When losses reach 6%, clear all losing contracts and set a breakeven stop-loss on profitable contracts, then take a break for at least 2-3 days. Chasing uptrends is dangerous; unless market conditions are clear, do not blindly chase uptrends. Be cautious when increasing positions after making a profit, especially after significant gains, as new positions often lead to failure. If you want to increase your position, either act immediately or wait until a significant pullback is over, and follow the pyramid position increase method. When margin profits exceed 200%, set a 40% pullback stop-loss on half and a breakeven stop-loss on the other half. This is to protect profits and ensure that large gains do not turn into losses. Do not trade when feeling down, depressed, or troubled in life. If there are overall losses in the past 24 hours, you should also take a break for 2-3 days. Never operate against the trend, reduce trading frequency, and look for suitable timing to enter. For correct trades, try to maintain a bottom position as correct decisions may continue to bring profits.

Newbie suggestions:

Small capital, starting from 30-50U

High leverage, 20x leverage

Stop Loss: Set a stop loss when entering the market, the stop loss is a loss of 20-30 dollars.

Take Profit: Hedge Take Profit (Profit Retracement 30%, Take Profit Strategy)

Profit withdrawal, deposit starts from 500-1000 USD each time, do not exceed too much.

Practice your skills well, then consider increasing your position. If you want to earn more, you also need to increase your position. First, do the small things well, build a solid foundation, maintain a stable mindset, and earning millions will come easily.