6 contract skills, learning to turn around quickly is not a dream!

I met an old contract senior, who has made 10,000 contracts and has reached a net worth of nine figures. It is admirable. I asked him repeatedly and summarized 6 skills. Now I share them with all contract friends. I suggest you collect them!

1.

I often don’t have time to study and analyze the market, which will disrupt my thinking. I lack time to watch the market, so I must learn to control the position and number.

2.

I advocate Buffett’s philosophy and Soros’ style. Buffett’s philosophy is to keep the principal is to keep the wealth and never lose money. Soros’s philosophy is to enter and exit quickly, never go against the trend, and in a bear market, the position is controlled within 20%.

3.

It is very terrible to lose control of losses, and making mistakes is also a common thing. The key is to correct your mistakes in time and don’t let the losses get out of control. Once out of control, it will be too late to regret. Take the initiative to admit your mistakes to the market. The sooner you correct them, the smaller the loss will be.

4.

When the entry signal appears, you must enter the market decisively and resolutely. You can be slow at times. After careful consideration, you must act decisively and resolutely implement the plan.

5.

This is also a fatal common problem for retail investors all over the world, that is, they hold on to losses and run away when they make a little profit. Look carefully, I am talking about the whole world here, and this approach will ultimately lead to only one result, that is, either the account suffers a heavy loss or the profit is very small, so there must be strict stop-profit and stop-loss points.

6.

Trend is king, don't intervene because the price is low, there are many upward trends, and there is no bottom for the decline. Never decide your entry and exit direction based on the price. This is a psychological barrier that must be overcome.