Zen-zen
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There's a crucial mindset in futures trading that's often overlooked:
"Be prepared to lose this bet" and be prepared to accept stop-loss orders when facing significant losses.
It's not that it's best to have them, but it's essential.
Has anyone noticed that some key traders lost so much money in July that they were speechless or even quit the community altogether, primarily those with 1-3 years of experience?
Many people develop a reliance on previous trends, moving from "following the bearish trend" to "treating it as a volatile market," then gradually missing out. When the market fully develops, they develop a mindset of "I just can't bear it anymore, I'll just sell it!"
Finally, when their accounts are nearly wiped out, they realize that the new trend had been going on for a long time, while others had already made significant profits, while they were swept away by a sudden surge.
Many "veteran investors" avoid this kind of problem because long-term market survival requires a fundamental principle: "Never try to override the market, and always respect its changes."
During market volatility, you can only trade pullbacks/backtests that go against the broader trend. You can ignore short-term fluctuations and stick to your own judgment.
But don't stubbornly pursue your own path after the market has chosen a direction. This isn't perseverance or a gamble, it's stupid...
Know how to admit mistakes. After consistently maintaining your position and achieving results many times, you can also accept that your trading logic may have been oversighted this time and make timely adjustments, rather than fighting the market.
Learning to "simply" make money by following the trend is something a trader needs to experience and reflect on on their journey to growth.
"Be prepared to lose this bet" and be prepared to accept stop-loss orders when facing significant losses.
It's not that it's best to have them, but it's essential.
Has anyone noticed that some key traders lost so much money in July that they were speechless or even quit the community altogether, primarily those with 1-3 years of experience?
Many people develop a reliance on previous trends, moving from "following the bearish trend" to "treating it as a volatile market," then gradually missing out. When the market fully develops, they develop a mindset of "I just can't bear it anymore, I'll just sell it!"
Finally, when their accounts are nearly wiped out, they realize that the new trend had been going on for a long time, while others had already made significant profits, while they were swept away by a sudden surge.
Many "veteran investors" avoid this kind of problem because long-term market survival requires a fundamental principle: "Never try to override the market, and always respect its changes."
During market volatility, you can only trade pullbacks/backtests that go against the broader trend. You can ignore short-term fluctuations and stick to your own judgment.
But don't stubbornly pursue your own path after the market has chosen a direction. This isn't perseverance or a gamble, it's stupid...
Know how to admit mistakes. After consistently maintaining your position and achieving results many times, you can also accept that your trading logic may have been oversighted this time and make timely adjustments, rather than fighting the market.
Learning to "simply" make money by following the trend is something a trader needs to experience and reflect on on their journey to growth.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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