The experience gained from paying a tuition fee of 30,000 yuan, let me summarize it for myself.

1. When trading futures contracts, it is essential to control the position and ensure that the maximum margin ratio does not exceed 20%.
2. Be sure to set a stop loss price, don't hold on until you can't resist, when it's time to liquidate, it's already too late. At that time, maybe it's just slightly better than liquidation. This rule is even more important than the first one.
3. The stop loss price should not be too extreme. For example, if your liquidation price is 1 unit, setting a stop loss price of 0.95 units is dangerous and can easily be penetrated. Therefore, the stop loss price must be at least 10% higher than the liquidation price, or even higher for safety. Of course, this is the extreme case. In general, as long as the stop loss price is lower than 2-3% of the opening price, it is advisable to immediately withdraw or change direction.
4. Don't resist forcefully, don't be stubborn. If you think a certain coin has reached a high point, don't rush to enter the market and short it, especially if it has been rising significantly within a day or over several days. This can be quite risky. You can wait for an opportunity, but don't be stubborn. Set a stop loss and be ready to exit if necessary.
5. Ten million, ten million, don't get carried away, even if you bet on the right direction, don't leverage too much, a small rebound will make you go bankrupt!
Opening a contract is to make quick money. Since you have opened the contract, you have already boarded the express train, so don't accelerate again. Haste makes waste.
Currently out of bullets, will raise bullets the day after tomorrow, hoping that I can follow the advice I give myself above!#BTC #ETH