1. Use only the money you can afford.
If you use your family's funds to invest in futures commodities, it is doomed to failure. Because of this, you will not be able to calmly use your spiritual freedom to make sound trading decisions. One of the successful elements of futures commodity trading is ideological independence; In other words: "The decision to buy or sell must not be influenced by the fear of losing family funds."
Know yourself
You should have a calm and objective temperament, the ability to control emotions, and not lose sleep with the sales contract. Although this kind of kung fu can be trained, successful commodity traders always seem to be able to take it calmly in the trading process. "In the futures commodity market, many exciting things happen every day, so you must have a decisive attitude and be able to cope with the short-term market situation, otherwise you will change your mind and contract direction several times in just a few minutes."
3. The investment should not exceed 1/3.
The best way is to keep your trading capital three times the margin required to hold the contract. In order to follow this rule, there is no harm in reducing the number of contracts when necessary. This rule can help you avoid using all the trading funds to decide on buying and selling. Sometimes you will be forced to close your position in advance, but you will avoid big losses.
4. Don't base your trading judgment on hope.
Don't expect to make too much progress at once, or you will buy and sell according to your own wishes. Successful people can be unaffected by emotions in business. "Although hope is a virtue in other areas of life, it will become a real obstacle in futures commodity trading." When a novice wants the market to be favorable to him, he often violates the basic trading rules.
Step 5 take a proper rest
Buying and selling every day dulls judgment. Take a break and you will have a more detached view of the market; It will also help you to look at yourself and your next goal with another mentality, and let you have a better eye to observe many factors in the market.
6. Profitable contracts are not easy to close, and profits should be sustained.
Selling profitable contracts may be one of the reasons for the failure of commodity investment. The slogan "As long as you make money, you won't go bankrupt" does not apply to commodity investment. The reason is: if you can't keep your profits growing, your losses will exceed your profits and crush you. Successful traders say that you can't close your position just for profit; To complete a profitable contract, you must have a reason.
7. Learn to love loss
"Learn to love loss, because it is part of the business. If you can accept the loss without hurting your vitality, then you are on the road to success in commodity investment. " Before you become a good trader, you must get rid of the fear of losing money.
8. Avoid entering and leaving at market prices.
Successful traders believe that buying and selling at market prices is a lack of self-discipline. Unless you want to close your position before buying and selling at the market price, you should move towards the goal of not using market orders as much as possible.
9. The most active contract month in the trading market
Doing business in active months can make trading easier.
10. If you have a good chance of winning, enter the arena again.
You should look for opportunities that are "less likely to be lost and more likely to be gained". For example, when the price of a futures commodity is close to its recent historical low, the possibility of its rebound may be greater than its decline.
1 1. Take the windfall as an example.
Sometimes you buy and sell a commodity, but in a short time, you get a bigger profit than expected. Instead of waiting for a few days to explore the reasons for quick profit, it is better to "take it and run!"
12. Learn ventilation operation.
Most new investors tend to buy up, that is, buy in the market they think will rise, but because the market often falls faster than it rises, you can make a quick profit by selling at a high price and buying at a low price. So the contrarian operation method is worth learning.
13. After the decision, act decisively.
The futures market is not kind to those who procrastinate. So one of the methods used by successful traders is to act quickly. This does not mean that you must be impulsive, but when your judgment tells you that you should close your position, do it immediately and don't hesitate.
14. Choose conservative, professional and conscientious salespeople.
A good shop assistant must be able to throw cold water on you in time to prevent you from playing too hard in this market; At the same time, you should have professional knowledge and provide exceptions in your market at any time; In addition, we must have a conscience and put our own interests first; In this way, with a good comrade-in-arms in the market, you will be more invincible when you enter the market.
15. Successful operation is like climbing slowly, while failed operation is like rolling downhill rapidly.
The story of getting rich one day, which is widely rumored in the market, only stops at the story. Without a deep foundation, even if you get a day's wealth, you can't stay. Therefore, successful operators must strive to create a framework, cultivate good operating habits, and gradually establish a successful operating model.
16. Never break good rules.
What is good code? As long as you think it is a good code that can help you make profits or reduce losses in your operation, it is a good code, so you should not violate it. When you find yourself breaking a code, leave at once, or at least reduce your business.
17. It's true in your pocket.
It is impossible for a wave of market to rise continuously without rest. You must learn to put the profit in your pocket to prevent the profit on the paper from turning into a loss.