How to ensure that you are always at the table Firstly, do not play contracts My friends who follow me should know that I am against on exchange leverage Having experienced the lessons of the Black Swan multiple times, I no longer envy those who win the lottery I have been in the industry for so many years, but there has never been anyone around me who has made a fortune through contracts Most of them have made money, lost it back, and then invested more to sustain losses. The cryptocurrency industry is already prone to producing black swans From 94, 312, FTX, and LUNA thunderstorms, including this Binance incident. These are all characteristics of the industry, no matter who is right or wrong, the ones who are most hurt are those who play contracts. If you want to survive, you should understand this logic I still remember what Jiang Zhuo'er said in 2020 No matter how low the leverage on the exchange is, it is not worth mentioning in front of the black swan in the cryptocurrency circle Many well-known contract players can make huge profits without following orders, but once they follow orders, they will collapse. There are no fewer examples of this kind, right. I know that the most profitable business of the exchange is contracts, and there will definitely be people who flock to the so-called myth of sudden wealth. I can only advise you here, everyone has their own destiny Since March 12th, 2020, I have hardly played any contracts and occasionally only play in entertainment games. I can count the number of orders on one hand. Because I experienced a low leverage liquidation of 312, I dare not, I am afraid. Whenever I place an order, it feels uncomfortable and has formed a muscle memory. Secondly, spot trading only involves buying Bitcoin, MEME always prioritizes small gains over large ones The black swan in the industry this time has had almost no impact on me I only have Bitcoin spot, and there are almost no secondary knockoffs. MEME has some, but they are all for profit. Some coins have been synchronized with everyone, and the high point has gone. MEME is a good thing, I hope everyone won't curse it This wave of MEME fever on Binance has allowed many people to make money, and now those who criticize are those who came in late to take over the market. For example, when Binance Life had a market value of 20 million yuan, it would press its head every day, with a maximum market value of over 400 million yuan. According to the strategy, if you double the principal, the current market value is still over 100 million, which is almost impossible to hurt you. High volatility represents both high risk and high return. If there is no market trend or volatility, we do not need to enter the cryptocurrency market And when playing MEME, don't just follow the lead of the car with a large storage space. You should act within your means and seize the opportunity to win big with small gains, which will always exist on the chain. Finally, I would like to thank my bankruptcy experience in the past few years for letting me know that there are always unpredictable risks in the cryptocurrency industry. If you are currently out of stock, the first thing to do is to stabilize your mindset, then quit the contract and improve your ability to make money off the court. Refer to my current strategy: spot Bitcoin, waiting for on chain opportunities Always ensure to survive and never get off the table.