When I first started trading contracts, the dumbest thing I did was to hold positions.
The first time the market reversed, I kept hoping for a "bounce if I just wait a little longer."
I stubbornly stayed awake until 3 AM, watching my margin get wiped out bit by bit, and when the liquidation message popped up, I was completely stunned.
Later I understood that the market doesn't sympathize with those who hesitate; you must decisively exit at the stop-loss point. Accepting losses is much better than stubbornly trying to maintain your position.
I also set a "circuit breaker rule": if I make five consecutive wrong trades, I stop immediately.
Last time the market was chaotic, I stubbornly pushed through, made three consecutive wrong trades and was still unconvinced, resulting in the fifth trade wiping out two weeks' worth of profits.
Since then, whenever I have five consecutive wrong trades, I close the trading software, go downstairs for a couple of laps, take a nap, and then review — with a stable mindset, I can observe the market without bias.
The numbers in the account are all virtual; I deeply resonate with this.
Now, every time I earn 3000 U, I transfer 1500 to my cold wallet.
The last time the market suddenly dropped sharply, fortunately, I had withdrawn quite a bit beforehand; otherwise, all the paper profits would have been lost.
Real winning is about securing profits, not always thinking "let's earn a little more before withdrawing"; in the end, it might just be all in vain.
I don't even touch volatile markets now; previously, I couldn't help but open three trades,
thinking the fluctuations were small, but in the end, the fees and stop-losses cost more than a one-sided trade — I got "swept" back and forth.
Now I only recognize trends: when the candlestick chart shows a clear direction, like the daily chart breaking key levels,
only then do I dare to act — this way, the profits are solid, and I won't be tossed around without patience.
Position control needs to be even stricter; at the beginning, I wanted to go all in for quick money and lost half of my principal in one go.
Now I only use 10% of my principal for each order, with a maximum of 30 U for opening positions; even if I make a mistake, it doesn't hurt, and instead, I can calmly observe the market.
Many people lose not because of poor skills, but because of excessive gambling mentality.
In fact, trading contracts is not a shortcut to wealth; surviving relies not on luck but on execution — cut losses when needed, stop when necessary, and withdraw when appropriate.
Previously, I wandered too far alone and took too many detours; I later realized this industry is too slow to explore on your own.
Now I have a verified method here, which is like paving the road; it just depends on whether you are willing to follow. @财神爷说币