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In contract trading, it's never about talent or luck. I've seen too many people get rich overnight only to wipe out their accounts the next day, while those who truly last have a set of rules deeply embedded in their minds.
I've also experienced periods of being crushed by the market, and now I can gradually stabilize my approach by following these 10 principles:
**Always halve your position size—that's your lifesaver.** The market is always there, but your capital is finite. You can't control how the market moves; the only thing you can manage is your risk exposure.
**If you make the same mistake twice with the same coin, withdraw immediately.** It's not that you don't understand the market, but that your emotions are already out of control. After consecutive losses, it's time to switch strategies or stop trading—don't stubbornly fight.
**Never place a trade without a stop-loss.** No matter how confident you are, always leave yourself a bottom line. If you can't bear small losses, you might end up losing everything.
**Don't trade when the market lacks rhythm.** In chaotic, low-volume, and sentiment-dispersed markets, you won't be able to hold your position. At such times, holding no position is the safest choice.
**Don't try to follow others' profits blindly.** Envy can completely disrupt your rhythm. Only by sticking to your own pace can you sustain long-term success.
**Don't treat trading as a daily routine.** Without a truly suitable opportunity, staying out of the market is the best protection for your funds.
**During consecutive losses, don't increase your position to recover.** Observe with a small position or simply take a break. An impatient mindset to turn the tide will only make you lose faster.
**If you don't understand structural design, stay away from short-term trades.** Short-term trading isn't about courage; it's about rhythm. If the rhythm is broken, even a correct direction is useless.
**Don't force opportunities.** Avoid trying to find the perfect entry point; real opportunities don't come just once. Be patient and wait for them to surface naturally.
**After each trade, review three questions:** Why did I enter, why did I exit, and do I have any regrets? The depth of this review directly determines how far you can go in this market.
In this highly volatile market, what’s lacking isn’t effort or opportunity, but the mindset that keeps you steady on the crest of the wave. Going solo will eventually lead to failure; but with someone by your side, the journey becomes more stable.