First of all, people who don't know what they want
In the futures market, we must first find our own position, then set our own goals, and finally what methods we want to use to achieve this goal. Many traders don't know what level of profit they can hold, so they want to try any level of market. If they are profitable, they want to take it for a while. If they lose money, they don't know when to cut. Such people will eventually lose money instead of making a profit.
Second, people who make the same mistakes repeatedly.
As we all know, futures trading is a process of trial and error, but trial and error has a cost, which is more intuitive and obvious in the futures market. When you make a mistake in trading, you will get immediate feedback from the market. That is, as the saying goes, "hit the face." When you make such a mistake, you must keep it in mind, let yourself not make it again, reduce the process of trial and error, and make a profit as soon as possible. I've heard many futures bosses use more severe punishment to make themselves remember this mistake and promise not to make it again next time, so people with bad memories will soon be eliminated by the market.
Third, people who don't sharpen their knives and have poor fund management.
In the process of investment, fund management is the most important part, and it is also a compulsory course for every trader who wants to succeed. Many people who have seen the market trend correctly have made huge gains in trading accounts, but in the end they have not made any money or even retired. The reason must be related to fund management. Of course, you may say that many reasons such as import and export technology, stop loss control and psychological factors will be the reasons for the loss, but the biggest problem must be fund management and risk control. Earn a little sweetness, but lose all the money, then, no matter how high your chances of success are, you will still lose money.
Some immature traders tend to focus on market analysis and simply regard market analysis as the key to win the market and make huge profits. However, the futures market is full of risks, and there is no 100% winning rate. Investors must strive to get rid of human greed. If they can't do their best, they will blindly invest all their money and hopes, and only get the lessons of heavy positions and no return.
Fourth, the "devil" upper body, the person who trades impulsively.
There are always some traders whose trading behavior is very random and blind. Listening to the wind is the rain. Without considering the countermeasures according to the market situation and planning the transaction, "emotion" and "heart" often run through the transaction. As soon as I heard the news, I rushed into the market and was carried away by the potential profits, ignoring the possible risks.
Impulsive traders, who are self-centered, are easy to leave the market because of subjective factors, and have no clear understanding and consideration time for the results and losses after trading. In addition, impulsive traders are easily disturbed by emotional factors and cannot maintain a stable trading mentality. With the continuous development and change of market conditions, traders need to consider more and more aspects. In such a complex market, if traders do not prepare in advance and do not draw up a stop loss position, their speculative career is likely to end in failure.
5. People who complain and don't have the courage to take responsibility.
After making a profit in the market, many traders began to rejoice and get carried away, thinking that they had a clever plan; When you encounter losses in the transaction, you can't sleep well, complain about others, and you won't reflect on your own problems. Such traders are often immature, can't see the laws of the market, can't see their own problems clearly, and won't take the initiative to find solutions. They will only blindly blame the failure on the market, management, environment and so on. They also don't have the psychological potential for long-term success.
Everyone should have a sense of responsibility, not only in life but also in futures trading. Whether you are making a profit or losing money, you need to be responsible for every move and decision you make. Only in this way can you be a consistent winner in the market. If you don't do this, it will be difficult to gain much.
6. People who are eager for quick success and instant benefit.
People who have experienced the ups and downs of the futures market have a deep understanding that "there are many things in the futures market, and there are many opportunities in the futures market." However, there are many lists of investors, and those who enter the futures market have good wishes and can make money, especially those who make big money, which are rare. The magic of the futures market lies in the constant emergence of large and small opportunities. Everyone in the futures market has had the experience of making money, but few people have the ability to remain profitable. The important reason is that we haven't done enough in the process of waiting, and the futures market will always exist. Only by keeping a plain mind and not revealing lost face's mentality can we enter the only road to success. Excessive desire drives investors from one failure to another, which is more terrible than greed and fear.
Seven, only plan, no action.
"The Art of War" has a cloud: soldiers, national events, places of life and death, and ways of life and death must be observed. In ancient times, our ancestors knew the importance of research and planning in advance. As far as the current futures market is concerned, planning before trading is also very important. Novice traders may ask, what is the trading plan? In fact, it is a general operating guideline formulated before trading, which mainly includes the analysis of market conditions, the determination of operating objects, fund management, the setting of target positions and stop-loss positions. According to the completed scheme, it can be operated according to the basis difference, which is relatively stable and will not cause confusion when the market changes.
Of course, "plan your trade, trade your plan" is easier said than done. In actual transactions, psychological factors are a great challenge. The psychology of greed and fear will cover up rational thinking, and luck will turn profit into loss and loss into short position. Only those who overcome the greed of human nature and can truly regard money as a game, rather than a symbol of material significance, can become a mature trader. Now that the trading plan has been made, it must be strictly implemented. Especially in the futures market, stop loss becomes more and more important because the existence of leverage will "amplify" the error.
Opportunities are always reserved for those who are prepared, and so is the futures market. Traders need to constantly reflect and grow in the actual transaction, be prepared and wait for the opportunity to come. You will never be the next abandoned child in the futures market.
What kind of people will the futures market abandon? Are you among them?