1, only use the money you can afford:
If you use your family's funds to invest in futures commodities, you are doomed to fail. Because of this, you will not be able to use them calmly.
Spiritual freedom to make reasonable business 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."
2. 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 exceed1/3;
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.
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, making money contract is not easy to clinch a deal, to make profits continue:
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 end 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 going in and out 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.