$pippin Contract trading can be very daunting for beginners—if you're not careful, you might face liquidation, losing your money and breaking your heart.
When I first entered the market, I also went through the panic of almost clearing my account; that feeling is something you might never forget.
Especially for beginners, if risk management is not handled well, a single misstep can lead to disaster. Some people just love to take risks, ending up losing all their money.
So how can we avoid such situations?
1. Control your position size
Don’t think about getting rich overnight; take it slow and steady is the way to go.
2. Always carry a stop loss
Don’t let yourself incur too much loss; set stop loss points based on your trading cycle.
3. Don’t keep jumping in and out
If you make several mistakes in a row, take a break and adjust your mindset.
4. Go with the market trend
Don’t go against the market; doing so will only lead you deeper into trouble.
5. Don’t follow the crowd blindly
Analyze carefully before placing orders; just following what others say can easily lead to losses.
In short: Contract trading carries significant risks, but as long as you have your own judgment and operate in line with the trend, you can reduce the risk of liquidation.
Remember: there are no permanent bulls or bears in the market, only the savvy who survive.
These experiences of mine are hard-earned lessons; if you’re still wandering around in the crypto world, feel free to follow me, and I’ll pass this lamp to you!
