It is crucial to grasp the general trend. When the market shows a one-sided trend, we should follow the trend instead of going against it. Trading against the trend is the root cause of losses. Whether it is a novice or an old hand, it is inevitable to have the habit of operating against the trend. But once the market trend is determined, operating against the trend often encounters a painful lesson. Therefore, we must learn to follow the trend and wait patiently for the right trading opportunity.
The profit and loss ratio is the key to profitability and must be strictly controlled. Without a reasonable profit and loss ratio, it is difficult to make money in the market. The ideal profit and loss ratio should be at least 2:1. Only in this case can we consider opening a position.
Frequent trading is a taboo in contract trading. For non-contract masters, it is necessary to suppress the impulse to open orders blindly, especially for novices, the excitement and enthusiasm of the market often make people want to seize every opportunity. However, many so-called "opportunities" may eventually lead to losses.
Don't carry orders, especially for novices. In contract trading, carrying orders is an extremely dangerous behavior, and stop losses must be strictly set. Carrying orders often means entering the abyss of losses, so this operation must be avoided.
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