5. Quit frequent trading
Trade less, trade carefully: When the market fluctuates, novices tend to open orders frequently, thinking that there are opportunities everywhere, but in fact there are many traps. If you don’t have enough experience and skills, restrain your impulse, reduce the number of transactions, and focus on high-quality trading opportunities.
Trading quality is better than quantity: Frequent trading not only increases costs, but also easily leads to emotional loss of control and affects judgment.
6. Keep the cognitive boundary
Only make money within the cognition: Operations beyond the scope of cognition are risky. Only by deepening your familiar fields and accumulating experience can you make steady profits in the market.
Continuous learning and improvement: The market changes rapidly. Only by continuous learning can you expand your cognitive boundaries and seize more opportunities.
7. Eliminate the behavior of carrying orders
Carrying orders is a fatal mistake: When the market is reversed, fantasy and stubbornly holding on to stop losses will only make losses snowball and eventually fall into an irreversible situation.
Timely stop loss is the law of survival: Stop loss is the most important lesson in trading. Only by learning to stop loss decisively can you avoid greater losses.
8. Stay calm when making profits
Don't be impetuous when making profits: it is easy to feel proud when making profits on paper, which leads to relaxing vigilance. At this time, you should strictly abide by the trading discipline, operate according to the plan, and stabilize the profit results.
Steady and cautious, step by step: Don't rush to expand the results after making profits, stay calm, and gradually accumulate profits.
Summary:
Contract trading is a game that tests mentality, strategy and discipline. Only by internalizing the above points in your heart and externalizing them in your actions can you be at ease in this high-risk "battlefield". Remember, trading is not gambling, but a process that requires rationality, patience and continuous learning. Only by taking steady steps can you be invincible in the market.
Click on the avatar of those who like contracts, like to study the market, and study technology. I will share my experience and skills in the currency circle for free for many years. I am waiting for you in the circle, online at any time, welcome to discuss and make progress together