2. Stop loss plan. In futures trading, it is generally recommended that the stop loss should not exceed 10% of the futures contract margin at most. If a contract margin is 3000, then the corresponding stop loss should not exceed 300. This is a stop-loss idea, and the maximum stop-loss range is 10% of the deposit, so the choice of points is particularly important.
3. Profit planning. First of all, we must be clear about our trading philosophy, short-term or long-term. Take the short line as an example here. Don't look too far, make a good strategy, handle the market well, and achieve the goal of more than two to one profit-loss ratio. Don't aim too high, the market has the opportunity to make a strategy according to the stop-loss plan. The profit plan is: the profit-loss ratio is two to one! Don't be upset because the market continues to go on, and don't deny yourself because of stop loss. Strict stop loss plus clear goals and a peaceful mentality are just the beginning!
Say a little more that the futures market is a collection of human nature, which rises and falls in this greed and satisfaction. Two seemingly contradictory qualities actually exist in each of us: greed, fear, excitement, satisfaction and comfort; But in any case, the disharmony between these two points has caused some situations in which we can't really stick to our thinking before admission and see clearly when we are awake. In a wave of rising, should we make profits as soon as possible, or should we ignore the possible big and small repetitions and move towards greater goals? When the order loses money, should it stop immediately or firmly believe that the price can come back? Is this just a different idea?