Many people say event contracts are gambling, so I'd like to share my views (personal opinion, please don't criticize if you disagree)
I'm not a master, just trying to see if I can turn 100u into 1000u by playing events. The picture below shows the number of times over 6 days, not many trades made.
If you treat this gameplay as gambling, then it is gambling. I see many people continuously losing, but they are opening trades at the same time, which leads to huge losses due to chasing after losses and increasing their stakes. It's quite simple: you know you shouldn't be opening multiple trades in a few minutes, right? This is just like contracts; if you haven't reached your target price, don't open a trade. Your win rate won't be very low, at least you'll be in profit. It's advisable to open fewer trades in 10-minute intervals (I only do this when there are large spikes), focus on 30-minute and 1-hour trades, and it's recommended to fix the number of trades per order. Develop your own trading system, stay alive while making profits, and gradually increase your position size. Currently, I use 5u per trade, and for large spikes, I use 10u. My plan is to increase the trade size by 2u for every 200u in profit. I'm not seeking to get rich quickly; I just want to achieve stable profits. I'm making this record to periodically share results and also as a reminder not to chase after losses.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.