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Everyone in the crypto contract circle understands this truth: making money quickly, losing it even faster!
I turned $3,000 into $130,000, never relying on luck, only discipline. Contracts can make you turn around overnight, but they can also wipe you out instantly. 100x leverage, if you're not careful, leads to despair.
My strategy is actually very straightforward: divide $3,000 into 10 parts, each time only use $300 to open a 100x position. If you guess the direction right, a 1-point move can double your money; if wrong, you lose only that $300. Repeatedly testing and correcting, even if you fail several times in a row, you won't die.
What keeps you steady? These 5 iron rules are indispensable:
**Rule 1: Stop-loss must be executed immediately.** Don't keep thinking about a rebound; when it hits the stop-loss level, get out. Accepting small losses is always better than a margin call.
**Rule 2: Stop after 5 consecutive losses.** Set a circuit breaker for yourself—if the market gets chaotic, close the software and go for a walk. Going all-in during chaos is just asking for death.
**Rule 3: Withdraw profits immediately.** The numbers in your account are illusions; every time you make $3,000, take out half. Real money is real.
**Rule 4: Only follow trends, stay away from oscillations.** In a trending market, leverage is like printing money, but in choppy markets, it becomes a meat grinder. When you can't see the direction clearly, the smartest move is to lie flat and wait for opportunities.
**Rule 5: Never risk more than 10% of your capital on a single trade.** How many people have gone all-in and never come back? Small positions keep your mindset stable, and allow for more aggressive operations.
Contracts are not a fast track to wealth but a long-term contest. Incorporate these 5 iron rules into your bones to survive longer in the market.