I was chatting with a friend before, and he told me a fact that is supported by long-term data: in the contract market, more than 95% of people will lose all their principal within 10 months!
The contract market is essentially a gambling market. A good market maker will make you lose money without any chance to refute.
I divide people who do contract trading into three categories:
1. Pure gamblers, all kinds of full-position all-in, hanging out in various communities looking for opportunities to lead orders
2. Have aspirations, learn some trading frameworks, discover trading opportunities by yourself, and strictly control stop loss and take profit
3. Professional traders have strict position management
I won’t expand on the first and third categories, I mainly want to talk about the second group
Here is another fact: the asset trends of the second group are mostly like this:
Yes, I've had this experience before.
You spend a long time learning the trading system, drawing pictures, taking notes, and summarizing your trading experience, but you are ultimately driven by greed. This is how the market works. When you experience the pleasure of making profits every day for a period of time, your self-confidence will be extremely high, and you will take positions, increase leverage, and start carrying orders, only to end up losing everything.
It's not your fault, this is how the market works. Market makers allow you to make profits for a while, just like gambling, your greed is firmly grasped. If you don't have a sound trading system and a strict position management plan, you will eventually lose everything, it's just a matter of time.
There is another kind, which is more pathetic. They just watch and learn very hard and self-disciplinedly. They stay in this market for a long time, their assets fluctuate up and down, but they don’t make any money overall. At this time, you should actively think: Is your trading system correct?
We are now in a bull market stage with consensus. This stage requires a calm mindset, a long-term vision, and reasonable position management. My small circle has been moving forward on this path. You are welcome to join us and get rich together!
