If you play contracts, spot, or wave trading, remember the following points!
1. Playing contracts is about risking a lot with a small investment. It is normal to suffer losses, but after facing stop losses, two groups of people appear. Some people will open orders crazily after stop losses, and some people will directly enter the 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 success. Trading is not a means to get rich overnight. When you suffer losses in trading, keep a calm mind, don't rush to open orders, and don't bet heavily.
3. It is important to be optimistic about the general trend. When you see that it is a one-sided market through the market, you must follow the trend and don't trade against the trend. The counter-trend is the root cause of losses. Both novices and veterans have the habit of trading against the trend. However, once the market trend is formed, counter-trend operations will often be severely punished by the market, so we must learn to follow the trend and wait patiently for opportunities before operating.
4. The profit-loss ratio must be good, otherwise it is difficult to make money. Make the profit as much greater than the loss as possible, at least a 2:1 order must be achieved before considering opening an order.
5. Frequent trading is a taboo for contracts. If you are not a contract expert, you must restrain the impulse to open orders blindly, especially for novice players, who are passionate about the market and always want to seize every opportunity, but most of the so-called opportunities will bring losses.
6. Don't carry orders. Carrying orders in contracts is a taboo, especially for novices who have just started. Stop loss must be done well. Carrying orders is the beginning of stepping into the abyss. Remind again not to carry orders.
