Contract trading, you have to be careful, otherwise you may get liquidated if you are not careful, then you will have no place to cry. Especially for novices, if you don't control the risk well, it will be miserable if you step on the air. Some people just love taking risks, and they lose all their money.
How to avoid this situation?
1. Control your position well, don't think about getting rich overnight, take it slow, and steady is the kingly way.
2. Keep stop loss with you, don't let yourself lose too much, set the stop loss point according to your trading cycle.
3. Don't go in and out all the time. If you make mistakes in several consecutive operations, stop first and adjust your mentality.
4. Follow the market, don't go against the market, otherwise you will only get deeper and deeper.
5. Don't blindly follow the trend, analyze it clearly before placing an order, and it's easy to lose money if others say it.
In short, contract trading is quite risky, but as long as you have your own judgment and follow the trend, you can avoid the risk of liquidation. Don't forget that there are no eternal bulls or bears in the market, only sly ones who can survive.
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