To trade contracts, you must remember the following points! They are crucial!
All practical advice! I hope this can help everyone.
1. Trading contracts is about leveraging small amounts for big gains. Experiencing losses is normal, but after a stop loss, there are two types of people: some will frantically open positions after a stop loss, while others will enter a cooling-off period. My suggestion is that if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy.
2. Don’t rush to achieve success. Trading is not a means to get rich overnight. When experiencing losses in trading, maintain a calm mindset, don’t rush to open positions, and especially don’t go all-in.
3. It’s important to watch the big trend. When you see a one-sided market, you should follow the trend and not trade against it. Trading against the trend is the root of losses. Whether you are a beginner or an experienced trader, many have the habit of trading against the trend. However, once the market trend is formed, trading against it often leads to severe lessons from the market. Therefore, we must learn to follow the trend and patiently wait for opportunities to act.
4. You must manage your risk-reward ratio well; otherwise, it will be difficult to make money. Let your profits be greater than your losses as much as possible, and at least achieve a 2:1 ratio before considering opening a position.
5. Frequent trading is a major taboo in contracts. If you are not a contract expert, you must restrain the impulse to open positions blindly, especially for new players who are passionate about the market and want to seize every opportunity. However, most so-called opportunities will lead to losses. 6. Only make money within your understanding; this is very important.
7. Don’t hold positions. Holding positions in contracts is a major taboo, especially for beginners. You must set stop losses; holding positions is the beginning of a downward spiral. I remind you again: do not hold positions.
8. When making profits, don’t get carried away; getting carried away will lead to losses.
Follow along to avoid getting lost! I will share with everyone at irregular times every day! $BTC $ETH #BTC重返10万 #BTC投资案未获微软股东同意
