Recently, I have received many private messages from friends. They all encountered the dilemma of liquidation in contract trading and asked me how to deal with it. In addition to feeling sad, I also feel angry because every time I tell them to stay away from contract trading, there are always some people who think they are better. I want to emphasize again that the outcome of contract trading can only be liquidation, there is no second possibility!
For those friends who have just liquidated their positions, what I want to say is that they must have the courage to admit losses and stop losses in time. Don't let losses accumulate. Only by stopping in time can you control losses within a limited range. If you still think about recouping your losses, your losses will continue to expand, eventually leading to irreversible consequences.
The bull market will definitely come, and we must ambush high-quality spot goods and first-level projects in advance to seize the chips in our hands. When the bull market comes, we can use these high-quality assets to make up for the losses in contract transactions. Speculating in currencies should be a pleasant thing. Don't make yourself physically and mentally exhausted because of contract trading. Only by maintaining a good attitude can you hold on to the chips in your hands and make money in the bull market. This is a truly virtuous cycle!
