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If you are also trading contracts, just show me directly!
1. Trading contracts is about taking small risks for big rewards, and experiencing losses is quite normal. However, after hitting a stop loss, two types of people emerge: some will frantically open new positions after a stop loss, while others will enter a cooling-off period.
My suggestion is that if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy.
2. Don't rush for quick success; trading is not a means to get rich overnight. When facing losses in trading, maintain a calm mindset, avoid rushing to open positions, and definitely do not go all-in with heavy leverage.
3. It is important to pay attention to the overall trend. When you can see that it is a one-sided market from the chart, you should act in accordance with the trend and not trade against it. Trading against the trend is the root of losses. Both beginners and experienced traders have the habit of trading against the trend. However, once the market trend is established, trading against it often leads to severe lessons from the market. Therefore, we must learn to act in accordance with the trend and patiently wait for opportunities before taking action.
4. The profit and loss ratio must be managed well, otherwise it will be difficult to make money. Ensure that profits are as large as possible compared to losses, and at least achieve a 2:1 ratio before considering placing an order.
5. Frequent trading is a major taboo in contracts. If you are not a contract expert, you must restrain the impulse to open positions blindly, especially for novice players who are full of passion for the market and always want to seize every opportunity. However, most so-called opportunities will lead to losses.
6. Only make money within your understanding, this is very important.
7. Do not hold positions; holding positions in contracts is a big taboo, especially for beginners who have just entered the field. You must set stop losses; holding positions is the beginning of a descent into the abyss. Again, I remind you not to hold positions.
8. Don't get carried away when making a profit; being too carefree will lead to losses.
If you still can't control yourself, can't control your greed, click to follow and join the money-making team now!
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