Learn to live without status, if you cannot do that, you will never become great. Position management is a science built on strong market perception and feeling. Chasing the market without being consistent is a big mistake.
In short-term trading, it is important to deal with the momentum game, become a permanent cheater and your life will be free of food and water worries. If you act carelessly when you shouldn't, and retreat when you should be decisive, you fail to consider investment and profit.
Some people just do that and become indifferent to trading, all will be able to move from one extreme to another. It is impossible to plan temporary actions, which is the main cause of heavy losses.
1. Be patient and do not frequently enter trades. Learn to control your desires and wait for the right opportunity. You can enter the trade when the price is close to the required point, but do not approach blindly!
2. Position management: Always managing your position will never go wrong. With highly leveraged contracts, you can only enter with small positions and be careful. Keep your capital and you will never miss an opportunity!
3. Learn to stop loss and be brave to stop loss: Stop loss is better than going bankrupt or holding a losing position. Failed trading can bring a lot of experience. For a newbie, making money too early can be the biggest disaster. Because, this can make them spontaneous, thinking that investing and trading profit is easy, but in reality it is not at all.
