If you insist on trading contracts, remember these points!

1. Trading contracts is about leveraging small amounts for big gains. Losses are normal. However, after hitting a stop-loss, there are two types of people: some will recklessly open new positions, while others will enter a cooling-off period.
My advice is that if you encounter frequent stop-losses, you should stay calm, temporarily stop trading, and adjust your strategy.
2. Don't rush for quick success. Trading is not a get-rich-quick scheme. When experiencing losses, stay calm, avoid rushing to open new positions, and never over-leverage your trades.
3. Recognizing the overall trend is very important. When the market shows a one-sided trend, follow the trend and avoid trading against it. Trading against the trend is the root of losses. Whether you're a beginner or an experienced trader, going against the trend often results in harsh lessons. Therefore, we should learn to follow the trend and patiently wait for opportunities before acting.
4. The risk-reward ratio must be well managed; otherwise, it’s hard to make money. Aim to have profits significantly larger than losses, ideally maintaining a minimum ratio of 2:1 before opening a position.
5. Frequent trading is a big taboo in contracts. If you're not an expert, you must control the impulse to open trades blindly. Especially for beginners, who are full of enthusiasm for the market and want to seize every opportunity, most so-called opportunities will lead to losses.
6. Only earn within your knowledge scope; this is very important.
7. Do not hold onto losing positions. Holding onto a position is a big taboo, especially for newcomers. Always set a stop-loss. Holding onto a losing position is the beginning of a descent into the abyss. Once again, do not hold onto losing trades.
8. Do not get overconfident when profitable; overconfidence will lead to losses.
Brother-in-law only trades real accounts. Join the live stream anytime. $ETH ‌$BTC ‌