Contract trading relies not on talent, nor on luck.
I have seen too many people go from riches to rags; what truly remains is not a few strokes of good luck, but the rules ingrained in their bones.
I myself have gone from being crushed by the market to gradually stabilizing, all thanks to these 10 rules:
1. Halve your position, always leave room
The market may come anytime, but your capital only comes once. What can be controlled is not the market, but the risk.
2. Stop trading if you make the same mistake twice with the same coin
It's not that you can't understand; it's that emotions are out of control. If you make consecutive mistakes, immediately switch or take a break.
3. Do not open positions without a stop-loss
No matter how certain you are, you must set a bottom line. If you can’t bear a small loss, you may lose everything.
4. Avoid markets without rhythm
If the structure is chaotic, volume is low, and sentiment is scattered, you won't be able to hold on even if you enter.
5. If you want to copy others, exit trading
Coveting others easily leads to losing your rhythm. Your own rhythm is what allows for longevity.
6. Don’t treat trading as a clocking-in
If there are no suitable opportunities, holding cash is the best protection.
7. Don’t increase your position to remedy consecutive losses
If you’ve lost, take a light position to observe or rest. Rushing to recover will only lead to faster losses.
8. Don’t trade short if you don’t understand the structure
Short-term trading isn’t about guts; it’s about rhythm. If the rhythm is wrong, even the right direction is useless.
9. Don’t force opportunities
Don’t forcibly seek entry points; wait for opportunities to arise on their own. True opportunities don’t come just once.
10. Review and clarify three things
Why you entered, why you exited, and if there are any regrets. The depth of your summary determines how far you can go.
In this market, what is lacking is not effort, nor opportunity, but the ability to remain steady amidst the storm.
If you don’t want to keep going in circles, then join me in strategizing; the current market is a great opportunity to recover and turn over your capital.
$SOON $INIT $NXPC
