What is the end of the contract?
Many talented traders are saying that the end of the contract is zero. I say that this is an excuse that losers find for themselves. There must be a reason for failure.
The reasons are as follows:
1. People can never make money beyond their cognition. Whether it is real life or the trading market, if you don’t understand the market, your money will be earned by people who understand the market better than you. It is not difficult to make money in real life, provided that you have industry cognition, industry resources, can connect to the supply chain, and can do a good job of delivery and service. The essence of a contract is futures. If you can’t understand it, you will return to zero.
2. You can’t control your emotions. Emotions are very important. When you find that you are being led by the nose by the K-line, stop and don’t continue to do it. Your rhythm is wrong. You should open a position before the rise and close a position before the fall. But because the emotions are affected, long orders are opened at high levels and short orders are opened at low levels. If you are not trapped, who will be trapped? Chasing up and killing down is human nature. If you are controlled by human nature, your account will be controlled;
3. You haven’t found a methodology to do one thing well. Anything that needs to be done in advance has a methodology. Without business thinking, it is impossible to find problems. What abilities are needed to do a good job in trading? Understanding of the market + emotional perception + self-discipline. If you do these three things well, you can kill 99% of the people in the market in seconds. You opened a long position, and after entering the market, you found that the K-line did not fluctuate as expected. What does it mean? It means that you are wrong. But you don’t admit your mistake and choose to hold the order, either to hold it back or to blow up the position. The first time it didn’t blow up 3, the second time it didn’t blow up, and the third time it didn’t blow up. You think you are a genius trader, but the fourth time it blows up, so you say that the end of the contract is zero. You have a poor foundation, a poor mentality, and no self-discipline. How can you make money if you break three of the three iron laws?
4. Expect too much. In this market, if you want to learn to make money, you must first learn to lose money. If you don’t know where you lose every penny, then you will always suffer meaningless losses. You can’t find the problem, let alone solve it. Ghost said, survive > protect the principal > stable profit. Most people are used to staring at the money they might earn. I hope it will rise to xxx level and keep staring at my expectations, but I ignore the fact that my capital is being eroded bit by bit.