Beginner's Contract Trading Secrets
In contract trading, those who lose a lot of money or even get liquidated usually have these bad habits. If they don't change, they will keep losing money!
First, they like to place large bets, often with positions of 30% to 50%.
Second, when they're wrong, they refuse to admit it and stubbornly hold on, always thinking the market will reverse.
Third, they don’t understand how to set stop-loss points and only manually close their positions when it’s already too late, unable to react in extreme market conditions.
Some people say that a 10% position is too small and doesn't earn enough. But I say, don’t always think about getting rich quickly; if you can steadily earn over 10% of your total account each day, that amount can become quite considerable over a month.
Heavy trading is like pushing yourself into a fire pit, betting with high leverage, which is extremely risky. Always thinking about making quick money and becoming wealthy overnight will only lead to deeper troubles.
The correct approach is to not have too heavy a position and to follow the market; take it slow, don't be impatient, and let your money accumulate little by little. Once your account balance multiplies several times, withdraw your principal. At that point, you will feel more secure, and the speed of making money will also increase dramatically.
As for the next layout direction, I will help everyone target the profitable opportunities in copycat projects, especially those with high potential. A projected upside of more than 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I’ll help you layout the entire bull market!