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A seasoned trader summarized several core experiences in trading contracts, which I think are truly worth mentioning.
First is the logic of selecting coins. Coins that suddenly surge with high volume at low levels are worth following. At this time, not many are willing to take action, so the opportunity is right here. Leverage can be increased to over 10x, but only if you really understand the situation clearly.
The second point is about fee rate direction. You should trade in the direction where you can earn fees, and avoid going against the capital fee, as that’s just throwing money away. It’s like a person's temper—being too impulsive is not good; you need to be more flexible.
The third point is to do as much long positions as possible. Shorting can be more aggressive when losing money. If you are confident about the market trend and want to operate in the opposite direction, use ultra-low leverage as a form of insurance.
What if you make money? The fourth point is about adding to your position. Use profits as a cushion to keep a stable mindset. Anyway, the worst case is just not making a profit, but if you want to earn, you need to aim big. Conversely, the fifth point is very critical: never add to your position when losing money—that’s the bottom line.
There’s also a detail that’s easy to overlook. During the rest period for Asians, it’s best not to place orders. The market has very few opponents, mostly robots. How to tell if a coin is being manipulated by robots? It’s simple—if the price often stays fixed in one place and then moves in the opposite direction once you enter, any orders placed are pointless. Robots are already waiting there to eat your order.
So, what coins should you trade? Look for those with frequent jumps and high volatility to do swing trading. Although you won’t make big money, a few U.S. dollars can be steadily earned. But be sure to set stop-losses—safety first.
The best trading time is from 7 PM to 10 PM China time. During this period, the market is active, participation is high, and there are opponents, giving room for both long and short positions. But be careful—after 11 PM, it becomes dangerous. Never hold positions into that time.
After saying all this, I must remind you—the waters of contract trading are deep. Think carefully before taking action.
Losing money and adding positions is such a painful lesson, so many people die right here.
The part about robot-controlled trading was spot on; I really often encounter strange situations where the price gets stuck.
I need to note down the time window from 7 to 10 PM; I didn't pay much attention to it when I was just playing around before.
Shorting really tends to blow up more easily, while going long feels more comfortable.
The rate direction is indeed a dead end. I was the fool fighting against the funding fee, paying a heavy price and getting out with a loss.
Only doing longs? Brother, I believed it, but a reverse trend immediately liquidated me. Now I have to use 0.1x leverage as insurance to be bearish... How ironic.
I dare not add to my position anymore; every time I do, I end up deeper in the hole. The feeling of being forcibly liquidated is really unpleasant. Losing money on add-ons is even more absurd—I managed to turn 50 U into a liquidation page.
Robot-controlled manipulation is indeed real; once the price is fixed, you should run. I didn't run, and my order was completely eaten.
Orders after 11 PM are the most deadly. I got liquidated at that time, and now watching the charts gives me psychological shadows. This summary comes too late.
The explanation of the fee rate direction is excellent; going with the trend will always lose half as much as fighting against it.
I only trade long positions, but when faced with a reverse market, who can withstand it? You still have to rely on stop-loss to save your life.
The fact that robots are eating orders during Asian nights is very real; the moment the price is fixed, you should run.