It's the weekend, so I want to seriously write something for beginners and those experiencing losses.

I’ve noticed that most people have a flaw when trading contracts: they want to make money immediately after entering the market, and after a slight fluctuation of half an hour, their mindset collapses, either wanting to cut losses or shouting to the heavens.

Unrealized losses are part of the process and a form of gambling; taking profits and exiting is the goal and the result. I’ve always believed that losses and unrealized losses are the true beginning of growth in trading. Just like life can never be perfect, we need to accept those imperfections and learn from them.

I think the following points are particularly important:

First, you must have a trading plan.
Before entering, think carefully: Why are you entering? What signals are you looking at? Don’t rush in just because you feel it. Avoid emotional trading, and don’t be afraid to miss the market. It’s better to wait for a good position, or better yet, stay on the sidelines if necessary.

Second, you must set a stop-loss.
Trading without a stop-loss isn’t bravery; it’s gambling. Market fluctuations can wipe you out instantly, leaving no chance for a turnaround.
However, this point is somewhat controversial. I personally believe it depends on the situation; otherwise, being manipulated by big players can be very painful.

Third, position control.
Don’t go all-in right away; leave some bullets. The market offers opportunities every day, but if your capital is gone, you have nothing.

Fourth, and most importantly, mindset.
Market volatility is normal. If you can’t hold your position, it’s not really the market’s problem; it’s that you haven’t accepted that “unrealized losses are part of trading.”

People who make big money are those who can endure the process, not those who get emotional at the first sign of fluctuation. If you don’t understand what I mean, you can read the quotes of Jesse Livermore, the famous short-seller on Wall Street, or check out the book “Reminiscences of a Stock Operator.”