Orders must be placed with a stop loss. In any investment transaction, you must bring a stop loss when placing an order. Experienced investors absolutely understand the importance of stop loss setting. Only by doing a good stop loss can the loss be minimized, and setting a stop loss is also the fundamental guarantee for the long-term profit of crude oil futures.
Accept failure and adjust your mentality quickly. In the investment market, it is very normal to gain and lose, and no one can guarantee that he will never lose. When there is a failure to make a single order, we should divert our attention and adjust our mentality as soon as possible, and never immerse ourselves in failure, otherwise it will only lead to more failures.
The transaction scale should be reasonable. The so-called reasonable trading scale means that the size of trading positions should be controlled within the range that they can bear. For most investors, the purpose of crude oil futures is to improve the quality of life. If we lose money because of unreasonable control of a trading position, it will not only have a great impact on our lives, but also be a psychological blow.
Strive to protect profits. Only by protecting every profit can we ensure the long-term and stable profit of crude oil futures. When your trading is profitable, you should raise the stop loss point appropriately, so that you can increase the holding time and obtain greater profits while ensuring the minimum profit.
Do a good job in transaction risk assessment. Before each admission, we should make a profit and loss risk assessment. When the risk is too high and the profit margin is small, we would rather not trade than make unnecessary sacrifices.
The account cannot operate under load. Most investors' crude oil futures are speculative, and the leveraged trading mode of crude oil futures makes it possible for investors to be small and broad. Prudent investors will generally control the maximum loss funds at 10%, so that even if they lose money, they will not bring too much load to their accounts.