To make a profit, we must overcome the following points:
1, no stop loss
"Being a futures trader is like being a thief. Steal and run. If you can't steal it, you have to run. " The first training of futures speculation is to escape and ensure survival.
The purpose of futures trading is to make money, and stop loss is far more important than profit, because at any time, capital preservation comes first and profit comes second. It is quite effective to establish a reasonable stop loss principle, and the core of the prudent stop loss principle is not to let the loss continue to expand.
An accident can be fatal. Stop loss is to put an end to this accident. Stop loss is not afraid. Stop loss is wrong, but you are not afraid of stop loss. Without the habit of stop loss, it is only a matter of time before you are eliminated. Keep an eye on the stop loss, which is controlled by yourself, regardless of profit, because profit is controlled by the market.
2. Heavy positions
A small number of light warehouses, taking advantage of the trend; Small water keeps flowing, and many a mickle makes a mickle.
Overweight positions are the main reason for short positions. The leverage ratio is large and the ability to resist risks is poor. The way to avoid it: the light warehouse is small, and the fine water often flows.
3, refused to admit mistakes, hard.
Learn to accept failure and tolerate failure, because it is part of the business. When traders can lose money, they can keep their self-esteem intact and their emotions stable, and they will embark on the road to success.
Once you make a mistake in the direction, you must make a decisive decision and a strong man will break his wrist. Instead of hard resistance, until it is broken.
Strictly implement the principle of "pay as much as you can", be calm in the face of losses, and futures should have a basic mentality: accept failure and be calm in the face of losses. Success equals small losses, plus large and small profits, which are accumulated many times. Don't try to equalize-operation is not a game of catching up. Each part should stand on its own advantages and calmly bear the losses of traders, and try the next transaction with absolute discipline. Never carry it hard. Be careful when grasping the top and bottom.
4. Go against the trend and keep adding positions.
When buying and selling suffers, it may be a big mistake to avoid adding positions to reduce costs.
Every time the market is empty or crowded, many people's accounts will be blown up. The reason is that there is too much space, which will not be flexible and will not adjust to the trend. Moreover, the more mistakes you make, the more you make up your position. Imagine that one day the price will turn back and you will be able to make a comeback. There are neither bulls nor bears in the market. Only glib people can survive for a long time.
5. Day trading
"There is no opportunity not to be missed. There is always the next bus. Money can't be earned, but it is also lost. "
Frequent entry and exit, excessive trading. From a psychological point of view, there is no plan, I am eager to turn over the books and prepare to make a list of emotions. In the end, the mentality is very poor and the odds are great. The market is ruthless, and it specializes in repairing those who follow their emotions.