Several major logics for the loss of Xiaobai contract:

1. Wrong product selection leads to a long night with no end.

2. The trend direction judgment standard is not clear enough and ambiguous. When the market trend changes, you still have a fluke and cannot admit the loss and exit the market in the first time.

3. Risk control awareness is not in place. You should always know that survival is far more important than huge profits. (Including position control, stop loss and stop profit, etc.)

4. You cannot accept your imperfect self and always fantasize about getting rich overnight. When the market goes against you, it leads to a big psychological gap, emotional heavy position trading, and finally lose everything.

5. You don’t know that trading is a long-distance race and a long-term career. It’s about who lives longer, so risk control is crucial. It’s always right to fall in love with small losses and avoid big losses. Remember that slow is fast.

6. You must have the mentality to endure loneliness and solitude. Don't always think about what's in the bowl and what's in the pot. You must have a certain degree of concentration and determination to hold the varieties in your hands. The rise and fall of each variety is unique, because the traders involved in this variety are different and everything is uncertain, so don't imagine the market and follow the objective trend.