What are the secrets to successfully trading short-term contracts?
The secret to short-term contracts is to be fast, accurate, and decisive.
It may seem simple, but in reality, it involves many factors.
First, technical analysis must be solid; whether you use MACD, Bollinger Bands, or purely candlestick analysis, it should be based on objective analysis, not blind subjective guessing or wishful thinking.
Second, risk control! You must manage your position well; with full positions, no more than 2x leverage. The contract market is not about how much you can make in one wave or several waves, but rather, who can survive the longest, as steady and consistent profit is the key.
Third, mindset issues! Many people start trading; for instance, if they incur a loss or hit a stop-loss, their mindset gets disrupted. They constantly think about making a big bet to recover losses, hoping for good luck! When you have such thoughts, you are basically close to leaving this circle; you should never act like a gambler.
Once again, the bears have won; the second coin has dropped below 2500 with a daily decline of 6.8%, and you can easily come away with a full load by just moving your fingers!!!
Friends who are currently confused and directionless in trading can follow me, comment with '1', and I will help you get rich.
