Must-read for friends playing contracts:

1. Trading contracts is about betting small amounts for big returns, and it's normal to incur losses. However, after hitting a stop-loss, there are two types of people: some will frantically open new positions, while others will enter a cooling-off period.
My suggestion is that if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy.

2. Don't rush to succeed; trading is not a means to get rich overnight. When facing losses in trading, maintain a calm mindset, avoid rushing to open positions, and definitely do not over-leverage.
3. Whether you are a beginner or an expert, it is important to understand the current market conditions. Only engage in the market that you can comprehend; if you cannot understand the market, observe quietly and patiently wait for opportunities to take action.

4. The profit and loss ratio must be well managed, otherwise it will be difficult to make money. The profit should be greater than the loss as much as possible, and at least a 2:1 ratio is required before considering opening a position.

5. Frequent trading is a big taboo in contracts. If you are not an expert in contracts, you must restrain the impulse to blindly open positions, especially for novice players who are full of enthusiasm for the market and always want to seize every opportunity. However, most so-called opportunities will lead to losses.

6. Do not hold positions; holding positions in contracts is a big taboo, especially for beginners who have just entered the market. It is essential to set stop losses. Holding positions is the beginning of a descent into the abyss, and stop losses are the cost we must pay to profit in this market. Again, I remind you not to hold positions.
7. Don't get carried away when you're making a profit; getting carried away will definitely lead to losses.