Three Major Taboo Practices in Contract Trading! Must Pay Attention!
Careful family members have noticed that Jinbao only provided one contract order today. Some family members wanted to open a position, but it’s not that Jinbao is indecisive; rather, it’s what Jinbao said before — trading must have its own core logic. When there is no suitable entry timing and point, all we can do is wait. Just like a hunter, patiently waiting is sometimes the best choice. Although there was only one order today, it is currently in profit.
Jinbao would like to share a few taboos in contract trading, hoping to help everyone!
First, no impulsive trading!
Many family members' biggest problem is actually being too eager to trade. They feel they must always have an order open, but when they do, they panic and can’t hold on. Once the trend moves slightly in the opposite direction, they become flustered and don’t know what to do, always wanting to operate continuously, resulting in greater losses and more chaos!
Second, entering blindly, being indecisive!
When there are real orders, they become afraid, fearing being trapped if they go long and fearing a pullback if they go short, leading to indecision! Some family members only look at the code when they see an order, without any consideration, and directly enter! They don’t even finish reading the post strategy! Some even enter without distinguishing between contracts and spot trading!
Third, full margin trading! Going all in!
When encountering a token that they are optimistic about, particularly when the market atmosphere is good, they go all in immediately! They always want to make a big profit in one go! Once the trend changes after entering, and they need to add margin, there is simply no opportunity to operate! Furthermore, they are unwilling to take timely action, and the consequences of getting off the bus late can be imagined!
The above taboos are some very basic trading taboos and are also the ones that many newcomers are most likely to commit. Let’s encourage each other!