Eight years ago, I was a complete novice with no foundation. I went from investing 2 million U to now having assets in the tens of millions. Today, I want to tell many newcomers who want to trade contracts why most people are simply not suited for it. In fact, many people are just giving money to the market along the way.
Why?
🔹 Cognitive gap, inflated mindset
As soon as they enter the market, they think about getting rich quickly, with the mindset of 'I can use 10x leverage, and turn things around directly.' What’s the result? It could be a total loss overnight, or it could be slowly draining the account.
Contracts are not ATMs; stop thinking about getting rich in one trade.
Most people who lose money are those with inflated mindsets who blindly pursue high profits.
🔹 Poor skills
Some people think technical indicators don't matter and randomly open positions based on feelings.
If your skills are poor, trading is like flipping a coin; whether going long or short, the win rate is basically 50%.
Over time, you'll lose all your capital, while skills are the foundation for your survival in the market.
🔹 Poor mindset, mental exhaustion
Every time they make a trade, there's an internal struggle: afraid of giving back profits if the price rises a bit, wanting to cut losses if it drops a bit.
This is a typical case of 'eager to admit defeat,' leading to stubbornly holding on and ultimately getting liquidated.
Contracts are not just about trading; they are a battle of patience and mindset.
If you can't control your emotions, contracts are not your 'thing.'
🔹 Poor execution
When you plan to cut losses, you should cut losses. When you see a profit target, you should run. The plan you set for yourself before trading cannot change.
However, many people often hesitate to enter after looking at technical analysis, run away when they see small profits, and do not follow through with their plans.
What contracts fear most is weak execution; not following the rules will ultimately lead to self-inflicted consequences.
🔹 Always wanting to get rich overnight
True skilled contract traders observe the big trends, set up medium-term positions, allocate their capital wisely, set profit and stop-loss limits, and then close the app to wait patiently.
Frequent short-term trading will only lead you into a cycle of losses.
You see others doubling their money in a day, but you end up losing your capital trading short-term. The market is truly about 'slow bull' profits, not the 'fast' wealth you imagine.
Contracts are not a game; not everyone can do this.
You need either a mature mindset, strong execution, or solid skills; all three are essential.
If you still don't know what to do, as long as you are willing to learn, I am always here!!!
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