1: The Core Principle: Stop Loss! Stop Loss! Stop Loss!
· What it is: Set up an 'automatic escape pod' for your trading. When the price drops to a certain point, the system will automatically close the position, helping you lock in losses and prevent them from expanding indefinitely.
· Why: Contracts are leveraged, and a single extreme market event without a stop loss could wipe out your principal. Not setting a stop loss is gambling, and it's a gamble with a very low chance of success.
· How to do it: The first thing to do after opening a position is to immediately set a stop loss! Based on your position and the range of losses you can tolerate, make it as natural a habit as breathing.
2: Core Principle: Light Position! Light Position! Light Position!
· What it is: Don't put all your funds into one order, and don't casually open 10x, 20x, or even higher leverage.
· Why: High leverage + heavy position can lead to huge losses or liquidation from a small fluctuation. The heavier the position, the easier it is to lose balance in mindset, and operations will become distorted.
· How to do it: It is recommended that beginners start practicing with extremely low leverage of 1-3x and very small positions of 1%-5%. First, feel the market's fluctuations; staying alive gives you the chance to capture the next big market move.
3: Core Ability: Review! Review! Review!
· What it is: Regularly review each of your trades, whether they are profitable or not. Analyze why you made money and why you lost.
· Why: Making money may be luck, but consistently making money is definitely skill. Only through review can you turn luck into a replicable strategy and avoid repeating mistakes.
· How to do it: Record your reasons for opening positions, exit points, profit and loss results, and your mindset at the time. Spend time each week reviewing these records, and you will improve rapidly.
Final piece of advice: The contract market is very cruel; 'slow is fast'. Don't fantasize about getting rich overnight, as 99% of it is a trap. First, practice the above three points with small funds and low leverage to develop instincts and protect your capital; you will be among the few who can make money.
Ming only engages in real trading; the team still has spots available.#币圈暴富
