The Unbreakable Rules of Contracts: I Used 8 Bottom Lines to Regain My Account Balance and Good Mindset
If you must trade contracts, heed my advice: don't think about how to make money first, think about how not to lose.
I have seen too many traders lose not because of skills, but because of mindset and discipline. The 8 bottom lines were bought with real money.
1. Stop loss twice in a row, shut down for the day
One loss is not scary, consecutive losses are deadly. Some people are eager to make back their losses and end up losing a week's profit in one day; others stop to review and manage to preserve their capital. Don't fight against the market.
2. Don’t believe in “doubling your money in three days”
Making money in contracts relies on steady gains. Just lost a trade and want to go all in?
Chances are, you will blow your account. A stable 3% daily is much more than chaotic trading over a year.
3. Go with the trend
If the market is rising and you are trying to short, or if the market is falling and you want to catch the bottom, it’s like fighting against a flood; the only outcome is being swept away. Enter the market when the trend is clear, it’s not shameful.
4. Calculate the risk-reward ratio first
If you can earn 100U but might lose 200U, that trade is a trap.
You must earn at least 2 to accept a loss of 1; otherwise, it’s better to stay out.
5. Trade less, live longer
Opening seven or eight trades in a day seems diligent, but in reality, you are just feeding the fees.
Real opportunities may only come once or twice a week; controlling your urge is what makes a master.
6. Only make money you understand
Don’t envy others for catching a price surge; that’s their strategy. If your understanding isn’t there, blindly imitating will only lead to losses. Mastering familiar patterns to perfection is the path to long-term success.
7. Don’t get “attached” to your trades”
Holding onto a 5% loss until it becomes a 50% loss will not lead to a rebound, but rather to forced liquidation by the system.
A stop-loss is not just for show; cut it when it reaches that point.
8. Maintain discipline even when making money
After making a few trades, don’t self-proclaim as a “master,” increasing your position size or randomly changing strategies will quickly backfire. The moment you feel inflated is the start of your losses.
Trading contracts is about mindset and discipline, not about showing off skills.
Before opening a trade each day, read these 8 rules again; they can help you avoid 80% of the pitfalls.
For those brothers wanting to make a profit, follow the steps of the hero, take off with your gains, come quickly!!!
