1. Record the factors that determine the transaction.
Keep a detailed record of the factors that determine the transaction every day, and whether there are any event news or technical indicators for you to make a trading decision at that time. After the transaction is completed, analyze and record the profit and loss results. If it is a profitable transaction result, refer to the experience and opinions of others.
Take profit is as important as stop loss.
Remember the old general rule of the market: the loss position should be terminated as soon as possible, and the profit position should be maintained as long as possible.
3. don't have a trading mentality that is eager to turn over.
In the face of losses, remember not to rush to open new positions in the opposite direction in order to turn over, which will often only make the situation worse.
4, step by step, with a cautious attitude to learn margin trading.
Lack of cautious mentality and operational skills, using gambling-style high-risk trading methods will only bring you losses.
5. Conduct simulated trading with the mentality of real trading.
When doing imitation operation with the mentality of real trading, the sooner you enter the situation, the faster you develop appropriate skills that can be applied to real trading.
6. Try to avoid the period of frequent and unpredictable price changes.
Novices should avoid the period when the price of silver fluctuates frequently, such as when new york just opened, when the price of silver is unpredictable. You should wait until the ups and downs are completed and you have a direction before entering unless you are sure.