Several Stages of Contract Trading
1: Entry Method (Friends, Signal Providers)
Seeing friends or signal provider screenshots of high returns can spark interest, leading to entering contract trading, believing that if others can make money, so can they.
Influenced primarily by the allure of high returns, many people lose money and want to quickly recover their losses, only to find they drift further away from recovery.
2: Newbie Protection Period
Those who start trading contracts generally have good luck at first and easily make money, leading them to feel skilled, after which they begin to increase their investment. However, after increasing investment, they start to incur significant losses.
3: Point of No Return
Once losses start to accumulate, the urge to quickly recover the principal increases, leading to larger investments and greater losses, resulting in a complete breakdown in mindset.
4: Decision to Continue or Leave
After experiencing significant losses, the mindset is severely impacted, and many cannot persevere, choosing to give up, while a small number choose to stick it out and begin to reflect on whether they are suited for this industry.
5: Start Learning, Summarizing, and Improving Oneself.
Begin learning about candlestick basics, candlestick patterns, trading principles, financial knowledge, etc.
6: Formulate Your Own Trading System
Through continuous trading summaries, start planning positions and setting trading plans, forming a trading system through countless practice sessions.
7: Respect the Market
The market cannot be controlled by one's own thoughts; begin to respect the market.
8: Stable Profitability
(Realizing your own trading system, starting to achieve stable profits, and opening the door to wealth)
9: Trading is About Constantly Executing Within the Rules
Our trading involves continuously executing stop losses and take profits within our own trading rules; avoid imaginative trading, and you will execute better and better.