Greed is the most taboo thing in trading, especially in contracts. The market fluctuates every day. If it goes up, it must go down. I have seen too many people who, because of greed, did not stop profit and ended up with losses and even liquidation. Orders that were originally profitable, because of greed, they kept adding positions to increase the cost price, resulting in losses and even liquidation after a wave of retracement.
If you review it carefully, are most of the losses caused by this reason?
Therefore, the sentence that I emphasize most when sharing with fans is to never turn profit into loss. When an order is profitable, the better way to operate is to take profit first, lock in the profit, and then consider when to close the remaining position, instead of being greedy and thinking that this is a big market trend and you will be free if you catch it, and then continuously adding positions and continuously carrying orders, and finally losing miserably.
Trading itself is a step-by-step process. People can never make money beyond their knowledge, and the money earned by luck will be lost by their ability!
Follow me and I will share trading tips with you every day, and let’s walk towards freedom together!
