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The most important thing about contracts is to really establish the take profit and the stop-loss. If you make money but do not withdraw it, it is all in vain (or if you do not set a break-even loss). Many people will not set a stop-loss against their instincts; they may know they could lose $500 but will wait until all their capital of $10,000 is exhausted before stopping. This situation still exists.

But what you do not realize is that after setting a stop-loss and reversing to go long, if you cannot overcome it, you join it. In the end, you not only recover the losses from the stop-loss, but it also improves your mindset. Ultimately, you could pat yourself on the thigh and say you didn't leave.

Our strategies include taking profits and stop-losses; if the situation is not right, you will generally be given a chance to escape (better to lose 100 points than hesitate to escape). If you do not escape when you should, your last chance is the stop-loss. If you still do not run after the stop-loss.