Why do some people always lose money when playing contracts?

My friends, people in social groups, even colleagues and bosses at work, and some platforms in the media frequently ask me to take orders. They only see that I make money successfully, but they don’t see the setbacks and losses I encounter in the market.

The risk management, position control, margin strategy, and stop-profit and stop-loss techniques I mentioned are actually very critical, but many people don’t pay attention to them. They are more concerned about the entry point and the expected immediate profit. If the transaction loses 10%, they may send messages continuously to ask what to do, as if we can always beat the market.

If this mentality can help them make money, then will we experienced traders still lose money? Therefore, when someone comes to ask me for advice on contracts, unless I think they have particularly excellent talents and qualities, I will directly advise them to buy spot.

In the cryptocurrency market, the key to success lies not only in the timing and price of entering the market, but also in rational risk management and firm long-term strategies.

If you want to know specific opportunities and specific decisions, check the introduction and get a position allocation strategy to teach you how to make money in a bull market and earn coins in a bear market