Recently, the market has been relatively good, but many fans have reported still incurring losses, especially contract traders.
Although contracts can bring high returns, the risks are equally significant. If you must participate in contract trading, be sure to keep the following points in mind:
1. Contract trading is about betting small to win big; losses are normal. If you frequently hit stop-losses, stay calm, take a break from trading, and adjust your strategy.
2. Trading is not a means to get rich overnight. Stay calm when facing losses and avoid rushing to open positions or over-leveraging.
3. Go with the trend. When encountering a strong market trend, follow the major trend and avoid counter-trend trading, as it often leads to significant losses.
4. Ensure a reasonable risk-reward ratio. Make sure that the risk-reward ratio for each trade is at least 2:1 before considering entry.
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6. Avoid frequent trading. Especially for beginners, blindly opening positions can easily lead to losses; control your impulses.
7. Only seize opportunities you understand. Do not blindly follow the crowd; make profits within your own understanding.
8. Do not hold onto losing positions. In contract trading, especially for beginners, you must set stop-losses to avoid being trapped in losses.
9. Stay calm when profitable. Do not let success lead to complacency; excessive confidence often results in losses.
Finally, stay calm, trade rationally, and manage risks wisely to achieve long-term profitability!!
