$RVV The contract market is full of opportunities, but there are traps everywhere!
Recently, I've seen many people going bankrupt, and the reasons are similar; they all made a small mistake that directly led to total losses.
$BANANA The scariest thing is not the market's volatility, but rather stepping into a trap due to carelessness.
The first pitfall: using too much leverage, resulting in catastrophic losses!
$BEAT As soon as they entered the market, they thought about using high leverage, aiming to make a big profit all at once.
As a result, when the market shook, their entire account was wiped out.
Remember: Contract trading isn't about who is bolder, but who can last longer.
Low leverage can give you more opportunities.
The second pitfall: not setting stop-loss orders, leading to increasingly larger losses!
Always thinking the market will reverse, "just wait a bit longer."
As a result, the longer they wait, the more they lose.
In contract trading, you must set stop-loss orders in advance; if the market goes against you, exit immediately. Delaying losses is the worst mistake.
The third pitfall: betting everything on one shot!
Seeing an opportunity, they bet the entire account.
As a result, the market reversed, and they faced catastrophic losses.
You must control your position size; don’t put all your chips on one bet, as a single mistake can waste all your previous efforts.
The fourth pitfall: losing control of emotions, letting the market dictate your actions!
When the market rises, you fear missing out, and when it falls, you fear further declines.
Chasing after the market like this will only lead to being manipulated by it.
Successful traders are not swayed by emotions; they set a plan and execute it step by step.
The fifth pitfall: underestimating risks and blindly following trends!
If you don’t understand a product, it’s best to avoid it. When news is volatile, reduce your position size.
Many times, risk is the biggest enemy.
In summary: The rules of the contract market are simple: those who can make big money are not necessarily the most aggressive, but those who can maintain their mindset and control risks.
Steady progress is the true path to recovery!
One person alone is powerless; working alone can never match having a team to guide you. If you want to succeed and turn the tide, I am always here for you.
