Summary of Previous Contract Opening (Part 1) In fact, what I wrote for myself is for reflection and to start again better. I welcome criticism and exchange. Of course, during this process, I have been communicating and learning with Ni Da @ Phyrex-Ni Cat Brother @ CatoKt4. For me, a Chinese chive who entered the market in the previous cycle, I actually started playing contracts very late, starting slowly from 23 years ago until now. The most played game is actually BTC BNB SOL, probably the most SOL. I often write URPD data for Sol, actually for my own viewing. Playing SOL contracts, I believe that I am very accurate in reading market trends and on chain data, and I did make money at the beginning. However, I ended up taking both long and short positions. Although I was not liquidated, I also made significant losses. Then, during the days when BNB reached a new high, he forcefully took short orders and eventually cut losses before leaving, which was almost considered a liquidation. In fact, if you persist, you can recoup your investment, but there is no such thing as' if '. On June 22 last year, I opened a BTC short order in the first few days, but it fell back below 100000 on that day. I felt like I wanted to go below 98 or even lower, so I stubbornly took the short order. As a result, on July 10, it rose 116000 and was knocked out. Summary: Both long and short positions were taken without controlling risks or standing at the forefront of the market, which was too presumptuous. Resulting in losses. This is a fatal injury. Early fans who followed me knew that I shared macro chain data and so on. However, in the middle of the year, I started talking and stopped being at the forefront of market news. I didn't keep up with the real-time market macro information every day I actually do both long and short positions. This is too proud of oneself. A mischievous chive The logic of making orders after reflection Create a trend market opening contract, dividing the market into four stages: bottom repair oscillation, upward trend, high volatility, and downward trend The bottom repair phase will not be carried out. If there is an upward trend, only go long, not short, and if there is a high volatility or downward trend, only go short, not long. Control the risk of liquidation and execute stop loss. If you are wrong, you need to admit and correct it. I communicated the above with Cat Brother, and Cat Brother asked simply and directly, "The key is how to distinguish the current stage? Many people know what to do at what stage, but how to judge what stage to be in, many people are wrong I answered: For example, the bottom repair market since November is characterized by bottom volatility, where the upward trend has not yet arrived or has not been fully realized Bottom repair not done, focus on the arrival of the rising period. Going long here is nothing but a fear of being knocked down and falling below. This is a risk, and you may not have started yet because you died before dawn without choosing the right spot. So, while keeping an eye on the changes in the macro front line, communicating more with macro bloggers, and monitoring the changes in on chain data, I have already opened a Glassnode membership, which allows me to see trend changes and capture multiple indicators. Take a comprehensive view of both of them. Do not engage in short-term trading for one or two days, unless the confidence rate exceeds 60% and is not high-frequency. Make a trend chart, maybe for three to five days, a week, or even 10 days, waiting for the trend I want. If the trend changes during this process, stop loss and leave. Practical Instructions: For example, right now, I was writing a post looking for an opportunity to go long on the stock market or Sol. I am indeed waiting for the right moment. The specific waiting logic will be shared tomorrow. To be continued.