Contracts are not something that just anyone can touch, unless you really grasp these key points:
1. Control your position size, don’t gamble with your life
I generally have 1000 in my account, only using 50-100 as margin (keeping it at 5%-10%). For short-term trades, I will use high leverage, but I must enter and exit quickly, aiming for a profit target of 20%-50%; for long-term, I take it slow with low leverage, never going all in recklessly.
2. The iron rule of stop-loss, cash in for safety
Set a stop-loss before entering a trade, giving yourself no room for mistakes. If there’s a profit, take it; don’t be greedy, don’t hold on stubbornly, and definitely don’t add to a losing position. I’ve done this before, and it was a painful loss.
3. Emotions are the biggest enemy
Before trading, I always write a plan and limit myself to a maximum number of trades per day. Once I start making trades based on emotions, the outcome is usually not good.
4. Understand the market clearly before acting
In a volatile market (especially common on weekends): take small profits and run.
In a trending market: only follow the trend, don’t guess the top or bottom; it’s simple, straightforward, and effective.
5. Trend is greater than everything
Before every trade, I check the daily and weekly trends; I rarely trade against the trend—trading with the trend is the true way to improve win rates.
