Total Position Setting: The funds I use for contract trading are always fixed, for example, the funds of an account are always 300U. This means my maximum loss is 300U, and once the market trend is favorable, I have the opportunity to gain tens of thousands of U in substantial profits. This setting allows me to keep risks controllable while seizing profit opportunities brought by significant market movements.
Starting Amount: The amount I start with in trading is always very low, based on the philosophy of stock trading master Livermore. He believed that if you start off correctly, it's best to start making money. Therefore, the amount I start with is always small, even if my total position is 300U, I often only start with single or double-digit U, which ensures that I am in a profitable state at the beginning of the trade.
Adding to Position Strategy: I only add to my position with profits when there is a profit and the trend is clear. This strategy allows me to further amplify my profits when the market trend is favorable while avoiding increasing risks in an unfavorable market environment.
Stop-Loss Setting: I adjust the stop-loss position in a timely manner based on market conditions to ensure that I do not lose my principal. This is an important principle I adhere to in trading; it helps me remain calm during market fluctuations and avoid emotional trading decisions.
Summary: Contract trading is not a game, especially for those who think there are certain contract techniques or contract masters who can predict prices. Do not blindly believe that you can make a fortune just by listening to them; this kind of thinking should be avoided at all costs. I certainly do not have any secrets that will make you rich just by hearing them. Moreover, contract trading tests human nature; unless you can stick to using only a very small amount of money, like 100U or 300U, that aligns with the strategy of 'small bets for big rewards', rather than 'big bets for small rewards'.