Today, I took the time to study again seriously. If I don't understand your @ butaidongjiaoyi contract experience sharing post I sorted out the essence and added my own notes Although there is a lot to summarize and learn, ultimately, to do a good job in trading, one still needs to practice more The most rewarding aspect for myself is these trading principles: 1. Control the position well Enter in batches, leave enough bullets to replenish the warehouse, Do a good job of stop loss, no one knows when the black swan will come Don't rely on debt for trading. If you don't get your money into the emergency, you may lose money every day if you long to open a deal 2. Conduct sufficient research before placing a bet Analyze and judge a currency from all aspects, such as technical aspects, news aspects, main psychology, main funds, upward momentum, etc Then do it know yourself as well as the enemy, 3. Core trading skills: take profit and stop loss Profit taking: Manage expected returns before opening an order and prepare a profit taking order Stop loss: A 90% drop requires a 10 fold increase to recoup, and doing a good stop loss can avoid the risk of black swan liquidation 4. Strengthen basic knowledge, practice more, and review more to find a suitable exchange method for oneself Combine macro, news, technical, and financial aspects to determine the direction and trend 5. Be patient and wait for good opportunities and prices Recommend placing an order in a good location to receive the goods, as they are mostly large and have a high success rate For example, the pressure level of the moving average support level, the upper and lower Bollinger Bands of each cycle, and the key positions of the daily and weekly lines with high trading volume 6. Don't go short just because a coin rises too much, and go long just because it falls too much. Instead, analyze the future trends comprehensively If some coins rise to a negative capital rate of -2% and settle within one hour, then going long actually increases the winning rate 7. Short selling of Binance New Coin with a 90% chance of winning When market liquidity is poor and the market fluctuates at a high level, the new currency adopts a strategy of short selling a package of counterfeit currencies one by one, and 90% of the orders can make money