Having tasted the sweetness of contracts, I really don’t want to return to spot.
Today, it rebounded a little. You are thinking again, if you had resisted yesterday and didn’t close the order, would you have lost tens of thousands less now? You start to feel depressed again.
Unfortunately, there is no if. I don’t know when the bottom is, nor when the top is. I am just a small leek in the currency circle, just begging and rushing to give money and liquidity to the big guys.
Review this wave of losses.
1. I thought I had low leverage, low liquidation price, and I still had spot funds to cover the position, so I didn’t set a stop loss, thinking that I could resist it anyway. So after the first day of the plunge, I actually found that the rebound was weak, and I didn’t think about reducing my position or closing the position to reduce the loss.
2. Without a stop loss, I was worried about liquidation, so I added margin and opened positions several times in a row, hoping to lower the cost, but in the face of black swans, no amount of funds was enough , there are big problems with position management. The mystery of Chinese medicine is the volume, and the mystery of contract is the position
3. When laying out this wave of contracts, I did not consider the black swan🦢. In fact, I did consider it, so I closed my positions without a blow-up, but when I really faced the black swan, I couldn't suppress the fear at all. The root of the fear was that I had no money to add positions and cover positions, and contracts could not lie flat like spot goods
4. Looking back, the depth of several varieties of contracts was very poor, and the daily trading volume was only about 5 million u. It was easy to insert a needle very deep, but I didn't pay attention
5. There are many loopholes in my own trading system, but the root is that it cannot be executed well. It was originally either on the left or the right, but it was on the left and the right when operating
6. There is no stop loss, no stop loss, or no stop loss
How to layout, what varieties to layout, and how to maximize the profit strategy
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