I lost more than 4,000 yuan from the contract incident and more than 6,000 yuan from the leveraged contract. It seems that I am not suitable for making money here. I have to go out and find a job.
When you don't have a familiar trading system, start with a small position to test. Reckless operations will only lead to faster losses. Take it slow, and good luck!
Square-Creator-7603f5ac0
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Because playing with event contracts has caused me to lose so much U.
First of all, the vast majority of traders are not full-time traders. They are different from professional traders working for institutions or full-time private traders; they have their own main jobs, and trading is just their "side job." As a result, they do not have sufficient time to learn about trading, nor do they have ample time to engage in short-term trading.
Secondly, the shorter the time frame, the more irregular the price movements become, making it even harder to analyze and judge the market. Trading becomes more difficult. In short-term trading, there are many random signals, commonly referred to as "market noise." The more noise there is, the harder it is to see the patterns behind the prices.
Finally, the shorter the time frame, the more susceptible the mindset becomes to interference. Anyone who has traded should have experienced this.
Looking at a 5-minute chart and looking at a 4-hour chart feels completely different. You can clearly feel that when looking at a 5-minute chart, your heart is racing, while when looking at a 4-hour chart, your heart feels calmer. Once your mindset is disturbed, losses are not far away!
Four Common Traits of Successful Short-Term Traders
Lastly, I would like to share that we have observed some successful short-term traders around us, and they possess some common characteristics.
Those who can survive in short-term trading are incredibly strong; if I had to compare, these individuals are like professional esports players.
From the few short-term trading experts, we see their common traits.
1. They have at least 10 different strategies and techniques to improve their win rate for various situations (everyone is different; some have more than 20).
The reason is that capable individuals can always find various market opportunities, and methods that are effective now may become ineffective over time. Additionally, new varieties, new regulations, new participants, and other factors may consistently lead to the discovery of new strategies over time.
2. Their trading methods consist of half technical analysis and half utilizing market characteristics.
Generally speaking, short-term traders do consider fundamental analysis, but mostly just as supplementary reference.
3. They all excel at a single variety.
Everyone has at least one main variety or a few types they focus on. In fact, doing well in one variety is often enough in the investment market.
4. They are financially well-off.
Being financially well-off should be the result rather than the cause, but it is still a common characteristic.