Futures trading shall not be conducted in Man Cang. The futures margin is about 10%. If the warehouse is full and the market changes in the opposite direction, it will become particularly painful. If you want to lighten your position, the price will come back, but you must lighten your position.
We can't gamble with all our money. If there is no fault tolerance rate, once we make a mistake, the principal will be seriously damaged and it will be difficult to turn over.
2. Do not compete with the market
Because futures trading is margin trading, if the funds available for futures are insufficient, the futures company will add margin. If not, futures companies have the right to become stronger, and we have no chance to wait until the market reverses. When our trade goes wrong, we all need to stop loss in time.
Everyone has a fluke mentality that they don't want to lose. The market has given me a chance to approach the cost price, and I will close my position soon. However, when the price is close to the cost price or the cost price, it is often hoped that the market will be better and it will come out after making a profit. Because of this fluky psychology, many investors will not only reveal their own interests, but also cause greater losses because of passive losses.
If there are three mistakes, stop thinking and wait for the resumption of admission.
3. No day trading
Futures is like a game of probability. There are always mistakes in judgment. We can only try our best to increase the correct probability of the transaction and make the most confident invoice.
Due to the existence of the T0 trading system in the futures market, many investors believe that futures have opportunities every day. There are indeed celebrities who trade all day, but they are familiar with the varieties, master the characteristics and train the sense of disk every day. Most investors have no such experience.
Day trading not only increases the transaction cost, but also may fall into the trap of crazy day trading. Therefore, investors should try not to trade in the day after entering the futures market, at least try to trade again by themselves.