Anyone who says that a contract is a dead end is too radical.
Human nature is like this. If you lose money on something, you say it is bad. This is different from people who lose money on stocks and say that stocks are harmful and a casino.
There are also those who have not bought Dogecoin and say that Dogecoin is just a coin of illusion because they have not made any money. Those who bought Dogecoin are shouting that Dogecoin can reach 1 USD every day.
Most people's opinions are determined by their stance.
If you can't afford to play the contract and your account is blown up, you can either give up and admit that you are not good enough or stick to it and reflect on your mistakes.
It was obviously my own greed that caused me not to set a stop loss.
After making money, they start to feel arrogant and invest heavily.
They refuse to admit that they have lost money, and even after losing money they keep adding to their losing positions.
When you lose too much, you just give up and don’t want to stop loss, nor do you have the courage to do so.
Then after the liquidation, he told everyone that it was not his fault, but the fault of the contract, the fault of the leverage, and he never reflected on his own mistakes. He blamed the contract, CZ, and Xu Mingxing, but he was not at fault.
Finally, let me talk about the lessons and gains I learned from working on contracts.
1. All the books you read, the theories you learn, and the simulated transactions you do are just talk. If you want to learn how to trade, you must pay with your own real money and let the market tell you what awe is.
2. When entering the market, be prepared for failure and prepare a little money, because this money will disappear quickly if you play contracts. It is not the problem of the contract, but your own problem. To put it bluntly, novices are here to give away money and pay tuition.
3. Don’t think you know a lot of trading rules, such as how to let profits run, how to cut losses, and how not to add to a losing position. I guarantee that you will forget all of these when you enter the market, and only your greed and fear will remain.
4. If you have already started a family and cannot afford to fail, do not touch contracts, never, this thing will ruin you. If you are young like me, have a certain speculative tendency, and want to gain a foothold in this trading experience, you can get in touch with contracts, which will make you grow quickly. Just enter a few dozen U each time, and reflect on your mistakes along the way. I can guarantee that as long as you work hard enough, the tuition you pay is worth it. I understand doubting yourself and choosing to give up along the way. Trading is like starting a business, you have to walk on thin ice.
I recommend two books, "Reminiscences of a Stock Operator" and "How to Trade with a Stock Operator". If you have lost a lot, you will naturally know what they are talking about. If you have been trading for two or three years and still don't understand, you should really quit this business. If you have been trading for two or three years, but you are still holding on to orders, don't set stop losses, trade impulsively, don't have a plan for trading, and don't have your own operating system, then forget it and give up. No one forces you to be a leek, and no one can help you if you have to devote yourself.
5. I’m sorry to tell you about the things that really made me lose my account, but these are the real things I bought with my own money, so I can’t say anything about them. You can’t get them for free.
6. Most importantly, stay away from copycat coin contracts, local currencies, investments, futures, foreign exchange, stocks, and all financial trading markets. Buying funds, financial products, and our value coins is the right way to go.
7. If you really want to speculate, then share a feeling. The difference between speculation and gambling lies in whether there is a strategy, a big picture, a goal, a plan, and specific techniques. For example, what would you do if it rises by 10%, falls by 2%, or has not made a profit after an hour? If you can't answer these questions, it is gambling, and I will not accept any rebuttal.
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