Contract Grid First Experience: ETH rose by 1%, earned 6% with Bots.

Today BNB rose 6% in a single day, although ETH only rose 2%, using the contract grid strategy to long ETH also yielded a 6% profit.

Many trading experts have reminded us:
"Don't frequently change positions in a bull market"
"The number of targets should not exceed 5"

I understand the reasoning, but why can't I do it?

Besides mindset issues, a bigger reason is the lack of suitable trading tools.

If a tool can help you capture profits in familiar assets, whether in fluctuations or trends, your mindset will be much more stable.

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Yesterday, the beautiful @lindazhengzheng shared her insights and strategies on the ETH market.
- ETH's medium-term structure is still oscillating upwards, and a short-term pullback may occur.
- This market is suitable for the "one-sided long contract grid" strategy.

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As a novice in contracts, I immediately put it into practice, and here is the record:

When placing the order, ETH was at 3821 dollars, result:

- The price immediately dipped slightly and automatically added a long position at 3820.
- This morning ETH rose, Bots started to go long and take profits all the way, progressing in small steps.
- The Bots added to their position again during the evening pullback, the 3875 long position is still being held.

Several characteristics of grid contracts can be summarized.

✅ Advantages
- High fault tolerance: Averaging prices by batches
- No need to watch the market at all: free your hands in a volatile market.

⚠️ Notes
- The wear and tear of fees is obvious: a too dense grid can easily lead to losses.
- In a unilateral rising market, profits will be less than directly going long.
- Setting too aggressively can lead to liquidation: especially with small coins and high leverage.

I recommend watching Brain Brother's video explaining this contract grid strategy 👍

Study how to make money with options properly tomorrow.