My biggest lesson after my margin call was that you absolutely must set a stop-loss when opening contracts, regardless of position size, whether long or short...
Contracts are a double-edged sword. You can play with them, but it depends on how you do it. Having gained a deep understanding of altcoins and MEME, I will focus my efforts on finding new alpha on MEME, using them to capitalize on the value.
As I said before, if MEME goes to zero, you won't feel bad, but if you catch one, you can turn it around, and that's its charm.
Of course, playing MEME isn't about blindly playing. You need to identify hot spots and angles, and once you see the right one, you can quickly enter the market and hold onto it with a small amount of capital. As long as you enter at a low enough price, you'll have a significant advantage.
Binance Life launched Binance Futures today, marking the first Chinese-language coin listing. The MEME rally is likely to continue. If you have a good target, please give me a thumbs-up. I'll evaluate it thoroughly and buy in, and I'll continue to promote it...
After all, I firmly believe that the market over the next two months will also rely on MEME to turn things around. 😂