How can people with only 5,000 play in this market?
As I said before, if you only have 5,000, don’t play spot trading.
Go to work and study the contract carefully, but don't play with heavy positions. Use light positions and compound interest slowly. From 5,000 to 50,000, this process is the most difficult, but it is the most conducive to cultivating trading character. In this process, you can form your own trading system, which can be changed to apply to other speculative markets in the future. Then compound interest according to the previous profit method, from 50,000 to 100,000, 100,000 to 200,000, 200,000 to 500,000. If you do this, you are not far from success, and you find that you already have the means to make stable profits. Then you are only 1 times away from becoming a millionaire. The essence of trading profit is not complicated. It is spring planting and autumn harvest. It is necessary to fertilize and hoe the land, but it is not necessary. No matter how good the seeds are, they will germinate in the right climate. The germinated seeds also need enough time to grow and bear fruit. You need to wait patiently. Pulling up the seedlings will not help them grow. The most important thing is that if the climate is not good that year, no matter how you plow the land and fertilize, it will be in vain. Accept this fact and you will know what to do. There should be no concept of principal when trading. Remove the anchoring effect in your mind. If you have funds today, 10W, tomorrow you will have 9W left, then your principal is now 9W, look forward, every day is a new day.
You also need to learn to play with profits. If you invest 10W and earn 10W, then withdraw the principal and only keep the profit in the market. If you have the ability, 10W can become 20W. If it is just luck, then 20W will be lost;
If you lose money at the beginning and lose a lot, you should temporarily withdraw from the market, on the one hand, read more books and learn more about the market. Calm down, wait for a big opportunity to buy spot, and then wait until you get your money back before playing. If you don't get your money back, don't touch futures again.
When trading, the rate of return is not important. If you want to make a lot of money, the first thing is to have a trend and reduce the frequency of transactions. The second is to have a heavy position. Don't go back and forth between long and short according to human nature
Success starts with imitating the operating methods of excellent people. If you don't have any trading knowledge or a correct trading perspective, and you are unwilling to learn and think, you can't even read a book, and you are destined to be a vegetable.
