For beginners in futures trading, losses often stem from a combination of factors. ๐ Lack of risk management, including failure to set proper stop-loss orders and take profits at the right moment, can lead to significant setbacks. ๐ธ Greed and fear of missing out (FOMO) can cloud judgment, causing traders to make impulsive decisions. ๐ค๐ Additionally, neglecting self-analysis and blindly following the trades of others, especially those with large margins and different risk tolerances, can result in losses. ๐ It's essential for beginners to prioritize risk management, practice discipline, and conduct thorough self-assessment to avoid common pitfalls and improve their chances of success in futures trading. ๐ก๐
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