2. Keep a detailed transaction diary. Write down your trading reason, planned stop loss point and target, how the subsequent trading changes, observation conclusions and lessons (wrong, right, or noteworthy model), net profit/loss. If you can keep a trading diary, you can trace back to the source, find out the clues of failure and success, and make adjustments immediately. Another point is that it is very important to fill in the transaction record sheet when entering the transaction, because recording the transaction reason accurately reflects your actual thoughts at that time, rather than your thoughts adjusted according to later development.
If you are still losing money on the premise of reducing the variety of transactions, you'd better have a rest. Clear up your messy thoughts. You may try to trade in a simulated market to verify your judgment on the market and regain your confidence. If you still can't grasp the direction in the virtual market, you'd better seek other investment methods.
If you lose heavily in the futures market, never, never put all your eggs in one basket and make fun of your life! Don't think that you can break even or turn a profit. In fact, such reckless behavior can only be counterproductive! Remember, less investment means less risk. You can expand investment then, and it's not too late to increase investment again. In a complex market where risks are everywhere, protecting yourself wisely is the experience of successful investors.
5. Patience and temperance. I have repeatedly stressed this point. Do you follow the investment plan of each transaction? If not, please follow. Is there no exit strategy after placing an order every time? If so, your trading plan is not perfect enough. Have you no patience? I have come into contact with many successful long-term traders. They only do it a few times a year. They are always quietly waiting for the opportunity to appear-they think it is a "perfect opportunity". If you are a long-term trader, you don't have to do this in every market. As long as the judgment of the general trend is accurate and the position on hand is in line with your judgment, let's take a long line to catch big fish. Don't let the market lead you by the nose.
6. Self-confidence. Have confidence in your investment philosophy. If you have no confidence in your investment philosophy, why? If your investment method really doesn't work, change it. Read the books written by successful people and see how they succeed. But we must put an end to those so-called investment secrets, success secrets, winning money and other deceptive books.
7. Work hard. If you can't study the market painstakingly, don't expect to make money in futures market. How much do you know about the fundamentals of the varieties you trade? Even if your technical analysis is superb, at least you should have a better understanding of its fundamentals. For example, before the US Department of Agriculture released some data, smart traders generally didn't make a move before the government released important data, although the price technical graph of corn was very complete.
Message: Investment is a long-term process, and it is normal to make money and lose money. In this market, you must have the courage to pick it up and put it down. Temporary loss does not mean the failure of investment, but only shows that you have no good control over funds or have no ability to really learn to control funds during this period. If you have lost money, analyze the reasons for the loss, learn from the loss and keep up with the market again, so as to turn losses into profits.