Many newcomers ask how to make money as soon as they enter a contract, but they should actually first ask: how to survive. $ICNT
Don't think about flipping the market with 1000U all at once; treat it as multiple lives. Only take a small portion to experiment each time, and set the rest aside. You are not here to show off your operations, but to stay alive.
If you lose a trade, your first reaction should be to never add to your position.
First stop, review, and take a break for a day or two. The market is there every day, but if you get too caught up, you can lose it all.
Once you make money, remember one thing: transfer a portion out first.
Having a safety cushion in your account changes your mindset immediately. If you make money and keep it all in the market, a single black swan event can send you back to square one.
Don't be superstitious about win rates.
Even if you are right nine out of ten times, if you don't control your position, one mistake can wipe you out. What truly matters in contracts is not judgment, but position size and discipline.
There is also a hard and fast rule:
When you're in a bad mood, have just suffered consecutive losses, or your life is in disarray, don't trade. That's not trading; it's an emotional outburst.
Lastly, I want to give newcomers a piece of advice:
Practice with light positions, set your stop-loss first, and withdraw your profits once you make money.
Contracts are not about who is more aggressive, but about who can survive longer.
