1, face the reality. No matter what industry you have been engaged in before, no matter how successful you have been before, when you come to the futures market, you have to admit that you are a recruit who lacks relevant knowledge, trading experience and trading quality. Although you seem to think you know how to trade, this is only your hypothesis, not out of wisdom. Only by acknowledging this, can you calm down and listen, examine and learn everything with an open mind. Because futures are like swimming, people who "think" they can swim will drown. And those who know that they can't swim or can really swim generally don't drown.
2. Know the truth. What is the final result of those who participate in the development of China futures market? What is the root cause of failure in their experience? What are the factors of success? In particular, what kind of beliefs and behaviors can make successful people stand proudly in the future despite being scarred on the battlefield?
3. Self-analysis. No matter in what industry, it is difficult for people who can't analyze themselves to succeed, and even success is mostly a flash in the pan. Therefore, in order to find out the reasons for success and failure, and to cope with possible changes in the future, novices must analyze themselves before starting trading. Like how interested am I in trading? What aspect of futures attracted my special attention? Is trading a leisure hobby, or must we climb to the top? How much do I know about this field? What kind of resources or information can help me? What makes me think that futures trading can make money? How much time do you want to spend inside? Is there enough time and energy to ensure it? Can you tolerate long-term losses?
4. lay a good foundation. Futures trading decision is not only to judge the development direction of the market outlook, but also to know exactly how much the price will change. Therefore, before futures trading, you need to make an analysis of the nature of the market: what is the state of the variety you want to operate now? Is there a trend? Is it in line with your own business principles? What kind of situation enters the market? What kind of situation is delisting? Is this transaction intraday, short-term or mid-line? Therefore, to analyze all this objectively and accurately as possible, you need to have a solid theoretical foundation of analysis-basic analysis, technical analysis and psychological analysis. So, please don't make a deal before you understand and master these analytical theories, especially technical analysis theories. Because the result of your rashness, whether good or bad, is not good for you. If you do it right, you will feel that the profit of futures trading is very simple, which leads to your overconfidence and despair; If you do something wrong, you will say it is bad luck, but you don't know where it is wrong.
5. Testing and simulation. After learning and having the theoretical analysis system and trading methods, please don't rush to practice in real trading. Because this method belongs to others and its feasibility is unknown, please use historical data to test its success rate and failure rate (because most novice friends have no software to test, they can do it by hand one by one with historical data of various internal and external disks), and then spend a few months observing its success rate and failure rate in the current market environment. In this way, you can observe and improve your methods without losing a penny, which not only greatly increases your chances of success in the future, but also enhances your confidence in winning.
6. Seek survival first, then excellence. At the beginning of the actual transaction, no matter how much money you have, no matter how sure you are about your own methods, please start with the least money and only open and close positions at a time, which is very important for survival. Because jiacang is a difficult trading skill, you can only consider learning jiacang after you have mastered the skills of opening and closing positions and can survive in the market. This truth is like learning to walk before learning to run. In so many small capital transactions, it not only tests the feasibility of your trading methods, but also exercises your trading ability, thus accumulating trading experience. Then after a certain period of tempering, you can basically make a profit in opening and closing positions. At this time, all you have to do is seize the big opportunity. Like stocks, big opportunities in futures don't end in just a few days, it will provide you with multiple admission opportunities. Because of the margin system of futures, it is particularly important to add positions in a reasonable position. When you gain profits by holding profitable positions for the first time and adding positions continuously, you will become an excellent trader when you beat the market and yourself.
7. Stay rational and sober. Although in the transaction, many reasons are clearly known, but they can't be done. However, just as a straight line is the shortest distance between two points, rationality is the shortest distance between your current position and the goal you want to achieve. Any extreme situation, even if it is beneficial to traders, is also the most dangerous time, so try to be rational at any time and in any case. Don't think you are an extremely clever master. No one can seize all the opportunities. Don't treat others as fools, and don't let yourself be credulous. Although history can indeed be reproduced in a vague way, this kind of reproduction is often slow and dull, which contains countless unexpected changes. If we look back at some of the most important mistakes made in the past, we will find that these mistakes are often caused by our failure to pay attention to details. And the information you can get easily is often easy for others to get.
8. Treat failures and losses correctly. No one's life is always smooth sailing, especially on the road of learning futures trading. If at first you don't succeed, please try again. So is money. In the process of learning futures trading, your money may decrease continuously, even to the point where there is no money in your account. At this time, please don't be afraid and depressed, and don't lose confidence and calm judgment. This is the cost of learning, and it is also a necessary stage for us to embark on the road of making money. As long as we can learn from these setbacks and accumulate experience in failure, then these setbacks are worthwhile, because it will certainly prevent us from making irreparable mistakes in the future. You know, too many people fail because they can't grit their teeth and stick to it. There is a good saying: if you want to succeed in futures trading, you should endure it when you should!
9. Know how to adjust yourself. We are not saints, and it is inevitable that some unhappy things will bother us, especially in the process of trading study and practice, many novices are even more miserable. It doesn't matter if you have troubles, what is important is that you have a way to solve them. For things that can only be faced in life but do not need to be solved, we can solve them by diverting our attention, but we can't take an evasive attitude towards the problems in trading, such as losing money, not knowing what the problem is and where the way out is. You must face it, find out the reasons and solutions, and don't let it breed more problems. This is the key to whether you can survive and stand out. In this regard, some senior traders or some excellent traders' books will be your best mentor. You should be able to find your own shadow from their conversation and analysis.
In short, in the field of futures trading, which is full of uncertainty and subject to probability, whether you are a novice or an old hand, you should know yourself and know yourself. Every decision you make should be based on logic, carefully analyzed and comprehensively investigated, and always pay attention to the process rather than the result. Only in this way can we survive in the futures market. As the saying goes: the future world will be the world of thinkers!