In the contract market, those who have blown up their positions and suffered heavy losses generally have the following common characteristics. If you don't overcome these problems, you will continue to lose money!
1. Heavy positions. (30%~50% positions)
2. Holding on to your position and never admitting your mistakes (always thinking that it will reverse)
3. Not setting stop losses and always accustomed to manually closing positions, which results in no time to operate any investment market once encountering extreme market conditions.
Some people think that operating a 10% position is too small. The profit is too little. But I advise everyone never to expect to get rich overnight, take steady steps, and achieve a daily return of more than 10% of the total account. It will be very impressive in a month.
Heavy positions are the main cause of blow-ups. Using a large proportion of leverage to make heavy hands has a very low risk resistance. Always wanting quick success and instant benefits, getting rich overnight, the result will get worse and worse.
Light positions and small amounts, follow the trend; slow and steady, accumulate little by little. When your account funds double or more, you withdraw the principal. At that time, my mentality suddenly became clear, and I made profits very quickly.
