If you are playing contracts or preparing to play contracts
Then read this carefully! If it doesn't help you, I'll eat it upside down!
1. Contract trading, in essence, is about betting small to gain big. It is very normal for positions to incur losses, but when faced with losses, people can be divided into two categories.
The first type is to frantically open orders after a loss, increasing their positions, and going all in! They want to get back what they lost.
The second type is to stop trading, not open new positions, and carefully analyze the current market situation, judging whether there are conditions to open a position.
Which one do you think is correct?
To be honest, anyone who sees these two options knows that the second option is correct. However, often when they encounter a loss, they become the first type of person.
For the first type, my advice is: do not put all your wealth in the exchange, only put a small part in. Even if you really want to go all in, you won't have enough position. To open a new position, you must deposit again, and the process of depositing may help you regain your clarity.
2. Don’t fantasize about getting rich overnight. Although there are indeed many people who have become rich overnight through high leverage contracts, if you start with this mindset, then it is destined to be out of reach for you.
3. The big trend is very important. Go with the trend, don’t have delusions, thinking what if? The market is the market; there aren’t that many what-ifs.
To be honest, trading against the trend is the root of losses. Whether you are a novice or a ten-year veteran, everyone has the habit of trading against the trend. But once the market trend is formed, those who operate against the trend are often the ones who suffer the most from the market's lessons.
4. Frequent trading is a big taboo! Especially for newcomers, who are full of hope for the fresh trading market, always thinking there are opportunities everywhere. In the end, the market will teach them to become qualified retail traders.
5. Only earn money within your understanding. The market is always right. Since the trend and market conditions have emerged, timely adjustments, cooperation with the trend, and securing profits within your understanding are certainly correct.
6. Do not hold onto losing positions. Think about the first point. What is the essence of contracts? Yes, it is about betting small to gain big, so why hold onto losing positions? Timely stop-loss.
Still, the same thing
The market is always right. Since the trend and conditions have emerged, timely adjustments, cooperation with the trend, and securing profits within your understanding are certainly correct.
Keep up with the operational mindset
