1. Before trading crude oil, you need to judge the general trend and see what is happening in the market. The key is to pay attention to the economic policy of the Organization of Petroleum Exporting Countries, the first oil producer, and follow the market correctly. Be careful when you are in a band, don't lose big because of small things.
2. Since spot crude oil is a margin transaction, it is necessary to lighten up the position and keep a small amount when entering the market.
3. The violent trading hours of spot crude oil are 3:00-5:00 pm and 08:00-00:00 pm. You can closely control these two periods and control related operations such as stop loss and take profit.
4. Don't hold crude oil overnight. If you must hold a position, you must set a stop price and a take profit price.
5. Don't operate in heavy positions, because crude oil products fluctuate violently and the fluctuation range is quite large. Investors can try their best to control the risk within an acceptable range.
6. Investors can refer to the 5-day moving average and 20-day moving average of spot crude oil to set the stop loss and take profit price of spot crude oil more accurately.