Read back and forth to remember to avoid losing money
ThanTaiCrypto
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How to avoid being influenced by psychology when trading futures??
1. Always have a clear trading plan before entering a trade • Enter trades based on signals, not emotions (fear of missing out, fomo, resentment). • Clearly define entry point, take profit (TP), stop loss (SL) before placing the order. • Trade according to the signals that Kols have analyzed, do not enter trades randomly based on intuition.
2. Capital management is the number one priority • Never go "all in", no matter how good the trade looks. • Trade only with 5-10-15% of total assets for each trade. • Set SL clearly, do not hold onto losses with blind hope.
3. Accept risk as part of the game • Trading futures cannot completely avoid losing trades. • Correct mindset: "Any trade can lose. What's important is that the overall result at the end of the month is still profitable."
4. Don't stare at the chart too much • Continuous monitoring makes you easily panic when prices adjust slightly.
5. Separate emotions from the trading account • When losing several trades, do not "take revenge on the market" by entering random trades. • When making profits, do not be too greedy and hold unreasonable trades – greed leads to loss. • Practice the habit of taking breaks between trades, whether winning or losing, to keep your mind clear.
6. Keep a trading journal • Each trade should record the reason for entering, emotions while trading, and results. • Helps you recognize repeating wrong behaviors, from which you can adjust your habits.
7. Discipline over emotions – if not, don’t trade • If you feel overwhelmed by emotions → it’s best to stay out of the market.
In summary: Trading futures isn’t hard, but keeping a cool head is the hardest part. No one wins all the time, but those who maintain a stable mindset will survive the longest.
God of Crypto
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