The essence of contract trading is that you're gambling against the market. We are always just a drop in the ocean compared to the market, and we need to maintain a sense of awe. When the chart has rallied quickly to a decent level, you want to open a short position, but when it reaches your target price, you hesitate, thinking it will continue to spike higher. Then when it pulls back and starts dropping, you feel the edge isn't great anymore and don't enter either. Why does this happen? Because you're running 100x leverage with 20%+ of your position, even if you know the high will only be around 74,000, and you've already opened a short position at 73,150, you won't dare to add to it. Many people like day trading for that adrenaline rush feeling, but I don't. Trading should feel comfortable, relatively safe and secure, not anxious and uneasy. Just like taking profits on short positions, you don't necessarily have to wait for the absolute lowest point to close out—just taking the most stable portion is enough. Or for long positions, take profits near the most recent resistance level; don't worry about how much it will pump tomorrow. What might happen tomorrow, the day after, or sometime later has absolutely nothing to do with your day-trading contracts, because you're using high leverage—you can't withstand volatility in the middle, the game will be over, and you won't make it to tomorrow. If you blow up your account frequently with 100x leverage, then dial it back to 50x or 30x. Don't be stubborn—you may be stubborn, but the market can also crush you. I hope everyone understands this point.

View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin