I have three rules for not opening contracts: I don't open when the contract is rising. Because it rises for a month and falls in a few minutes, and once you open a long position, all kinds of bad news will come. I don't open when the contract is falling. Because they say that in a bull market, you should not short when you are bearish, and once you open a short position, all kinds of good news will come. I don't open when the contract is sideways. Because the market views are not unified, if you open it, you will be trapped and stop loss back and forth.
In the futures market, sometimes the situation you encounter is like this, there is no rise or fall, it just moves sideways in a small range, making it difficult for people to start. Therefore, for contracts, I have my own three principles for not opening.
First, I don't open when the contract is rising, because the rise is fierce but easy to break, and it is very likely that once you open a long position, bad news will come one after another, causing losses.
Secondly, I don't open when the contract is falling, because the saying that you should not short when you are bearish in a bull market is not reliable. Once you open a short position, good news may follow, catching people off guard.
Finally, I also don't open when the contract is sideways, because the market views are not unified, the market fluctuates back and forth, it is easy to cause a single order, and there will be a situation of back and forth stop loss, which makes people lose a lot of money.
Therefore, for operations, I prefer to take action when the trend is obvious, and stay on the sidelines or fluctuating to avoid losses due to market uncertainty.
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