The operating skills that novices must possess when trading spot crude oil:

1. Trading funds must be sufficient. The smaller the account amount, the greater the trading risk, so avoid allowing the trading account to only have a fluctuation level of 200 points. Such an account amount does not allow for a mistake, but even experienced traders sometimes make mistakes in judgment.

2. Operate with the trend, do not go against it. Remember the old general rule of the market: Losing positions should be terminated as soon as possible, and profitable positions should be held as long as possible. Another important rule is not to allow losses to occur on previously profitable positions. In the face of a sudden reversal in the market, rather than closing positions without profit, do not let previously profitable positions turn into losses.

3. Make good use of stop loss orders to reduce risks. When you make a transaction, you should establish a tolerable loss range and make good use of stop-loss transactions to avoid huge losses. The loss range depends on the account funds.

4. Don’t have a trading mentality of being eager to turn around. When faced with a loss, remember not to rush to open a new reverse position in an attempt to turn around. This will often only make the situation worse. Only if you think your original predictions and decisions are completely wrong, you can close the losing position as soon as possible and open a new reverse position.

5. Trading cannot rely solely on luck and intuition. If you don't have a fixed trading method, your profits are likely to be very random, that is, relying on luck. This kind of profit cannot last long.

6. Act within your ability. Trading volume should be measured based on account balance and do not over trade. Generally speaking, the risk of each transaction should not exceed 10% of the account capital. According to this rule, the risk can be effectively controlled. It is unwise to trade too many lots at one time, and it is easy to cause uncontrolled losses.