Let me tell you something interesting.
Before trading futures, I first traded foreign gold...
100 times leverage... exhilarating, right? That was in 2019.
The first trade, full position, exploded in 30 minutes... exhilarating.
On the second day of funding, I was much more cautious, continued with the second trade, 50% position, exploded the account that day... exhilarating.
On the third day of funding, very cautious, continued with the third trade, 30% position, exploded the account that day... exhilarating.
After summarizing the failures... on the fourth funding, I adjusted the leverage to 30 times, with a position of less than 10%, about 0.3.
Guess what happened?
On that day, I didn't even flinch, thinking: It's boring, let's leave it overnight...
On the second day... guess what happened?
On that day, the fluctuations were calm, and I didn't change my expression. Have you ever experienced the feeling of losing a watermelon and picking up a sesame seed?
On the third day... guess what happened?
I don't know what I've been busy with... I haven't even opened the software.
On the fourth day... guess what happened?
Forget about this matter.
On the fifth day... guess what happened?
I forgot the password... really forgot 😭
It took me over a month to remember this... I asked the account manager to reset the password.
After logging in again, guess what happened?
Wow... not only did I break even, but I also made a profit...
I might as well just leave it alone...
Oh, by the way. I'm holding a long position.
It is now 2025... with this gold price, I should change my car.
Almost forgot, this question is about futures.
Is it really hard to make a profit in futures? Not really... isn't it just about having delivery months? If you can see this, it shows you have decent patience... at this point, you're likely thinking of two questions:
You encountered a one-sided market. What if it goes the other way?
With your position, you can't make much money anyway.
The first question, the appeal content, is just the simplest position management. For reverse markets... I have my own trading framework to avoid risks, which is accumulated experience over many years, so I won't elaborate too much.
Before having a trading framework, remember this set of mantras to survive: Light positions for bottom fishing, no adding to positions, no taking profits.
Taking profits are all small gains. Light positions can be greedy, profits can double.
The second question, suppose you have a long position of 40,000 on lithium carbonate, reaching 120,000, calculate how much you can earn.
As for the position... if you add a few more varieties, won't the total position go up, and the probability increase? Light positions for bottom fishing, lock in profits during one-sided markets, and adding to floating profits has no pressure.
To summarize, I do long-term trading in futures, and since I started trading futures, I have never exploded my account. So I firmly believe in the invincibility of light positions. I have my own trading framework, I will stop-loss and take profits, and I will add to floating profits. The content involved is quite extensive, so I won't describe it in detail.
But I never add positions to dilute costs (maybe my circle is small, but I've really never seen stable profit players do this).
Regarding intraday trading, it contradicts my trading logic... so I have no suggestions to offer everyone, hope for your understanding.