The futures market does not have a steady shortcut to generating windfalls, with risk management at its core rather than pursuit. In order to survive and be profitable, the newcomers must give up the illusion of a one-night boom and establish a rigorous trading system. These include light water testing, firm stoppage, trade-off and continuous learning. The key to making money is to use the affordable principal, to accumulate small gains in the long run through strict discipline, and compound growth is the reliable path。
Don't even think about making a lot of money. It'll only make you worse. You have to figure out what futures are. It's a contract to buy and sell at a certain point in time. Price fluctuations are such that gains are magnified and losses are magnified. So the first lesson is to be wary of the market, to take the money you can afford, for example, a fraction of the free money, to open a simulator or to feel the real deal with the smallest number of hands. The goal at this stage is to become familiar with the software, understand the k-line, understand the bonds and leverage, and survive more than anything。
Build your rules of trade, it's a watershed where you can make money. The most important thing in the rules is to stop the damage, to figure out how much it's going to lose before going in, and to think that once the price has to leave without conditions, it'll bounce back. Then there's the silo, and the rookies are dry, and that's dead. It makes your mind more stable and withstands normal market fluctuations. And let's not stare at all kinds of information, find one or two varieties that you're familiar with, study its temperaments, and do it along with the main trends, which is much better than back and forth。
Don't take occasional luck as your strength. Markets are always changing, and today's good methods may fail tomorrow. You've got to keep learning, revisit every deal you make, make a record of what you feel. Read more of the classic books and understand the logic behind the market, which is 10,000 times more powerful than asking for so-called insider information. Remember, it's a marathon, more stable and more disciplined than who. Most of the people who shouted for profit every day want to cut you. What you really have to do is take futures as a serious business。
