Most people lose all their money in contract trading within a month! Why? Because most people do not have their own trading system. They open positions to go long, which is fine if the market rises. However, if it falls, most people just hold their positions and do not cut their losses! The market fluctuates 24 hours a day, and every wave of the market has its own time cycle. For example, if you are bullish on the 15-minute chart, but the 1-hour chart indicates a pullback with two hourly candlesticks. At this point, you need to choose whether to close your position or take profit? For short-term trading, it is indeed possible to exit, but for longer cycles, you need to hold on! Therefore, in trading, you need to build your own trading system and clarify what time frame you are trading, and follow your own system for taking profit and cutting losses!