Try to do less contracts!!

#BTC#
Contracting has always followed 8 iron laws, heartfelt words! Since 18 years of contact with the crypto world, I have also experienced some big and small things, summarized 8 iron laws, and gave all retail investors some advice! Whether you are a Seasoned Trader or a Newbie, if you want to play in the crypto world for a long time, please read this article carefully, it will be helpful to you!
1. Managing positions is about risk control. To make a profit, you must protect your capital. Everything carries risks. If you have a heavy position, it means you are fully exposed to risks. If something goes wrong, the game will be close to the end.
2. The trading strategy should be adapted to the current market conditions. If you want to do well in contracts, you need to be flexible, which may seem simple, but few people really understand it. 3. Among all the techniques, volume and price always come first, which is the mother of all indicators and techniques. All methods are inseparable from volume and price, so understanding the relationship between volume and price is the first priority.
4. Each Candlestick has long upper and lower shadows, with at least 80% control by the market maker. It is best to avoid trading in such situations. While you may think that a higher degree of control by the market maker is better, they can easily manipulate your emotions and then distribute the assets. Moreover, the way they dump the market is extremely aggressive, making it difficult for trapped traders to escape!
5, after a significant pump in the short term, most of them will fall. There are few that can continue to be strong. If there are many continuous pumps, retail investors will not lose more and earn less!
6, MACD forming a bullish crossover below the 0 axis is a relatively robust entry point, with a high probability of a substantial subsequent rally, while a bullish crossover above the 0 axis is generally a tailing market, which is better to avoid.
7, in the Order Book, all five levels have large orders pressing down. At this time, it is either the market maker manipulating or dumping, it's important to see if there has been a significant pump. If the increase is substantial, it's best to exit quickly.
8, every time you open a position, you must have a good mindset, be cautious and go all in. Sometimes the result of impulsive trading is often unsatisfactory. Clarify your position, do not linger in short-term trading, do not be greedy, and must be able to ignore market Fluctuation in the long term.
To help others is to help oneself. The above 8 points are all summarized and deeply understood in the market. It is necessary to repeatedly practice and implement.
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