Insights on Event Contracts

Recently, trading has been smooth sailing, with 20 event contracts, 17 wins and 3 losses. Let me share some thoughts.

First of all, you can't get too carried away; recently, it's just a small play of 5u. When you have a correct judgment of the overall trend, the timing of entry is very important. Even if you think there’s a high probability of a decline, you must grasp the entry timing well, and try to open a short position after a rebound on the 5-minute chart. Avoid opening a short position at the bottom of the 5-minute chart.

Also, entering at the same price point may be correct on the 10-minute chart but could be wrong on the 30-minute chart. So when placing orders, even when your judgment of the situation is correct, you still have to consider whether the accuracy on the 10-minute chart is higher or on the 30-minute chart. Sometimes you think it will fall, but the 5-minute candlestick fluctuates up and down, while the overall trend is downward; in that case, you might need to consider opening a position for 30 minutes or even 1 hour when placing your order.

Finally, if you can avoid trading event contracts, do so. If you do trade, keep it to just a small amount for entertainment; never get too carried away, as it’s very easy to incur significant losses. Always remember, you can't make much money from it, but you can lose easily. If you can avoid it, don't play; if you can avoid it, don't play; if you can avoid it, don't play. This is important, so I’ll say it three times!!!