What if the market is trending in the opposite direction, i.e. not on the same side as you (not as you originally thought)?
First of all, how do you know if your ** is bad? The brokerage company's staff who calls for margins, or the money records you make on a daily basis, will tell you very clearly that you have lost money, even if you don't admit it. At the beginning of this century, Dixon Watts, a well-known cotton speculator, once said that in such a situation, "you must run quickly, or you will survive." The part of "staying up" in his sentence shows that he either has enough funds to hold on, or he likes to be a good person. My suggestion is to listen to him, but delete the last half of the sentence. Obviously, it is necessary to have a top-notch, effective strategy. Commodity trading is the same as a chess match, tennis match, marathon or company buyout. The common denominator is that success or victory requires both technical and strategic considerations. On a technical level, traders (contestants) tend to have similar qualifications and experience, and the only thing that distinguishes winners from losers is their ability to be consistent, disciplined, apply first-class strategies and effective tactics.
In the trading of commodities, it is particularly important to use a good strategy correctly. There are traders who, no matter how long they have been in the market, have never made any money for the entire year. Of course, they have heard it, and they can even recite some time-honored sayings word for word, such as "the trend is your friend", "cut the loss, let the profit run", "the initial loss is the cheapest loss", and so on. These are the most basic expressions of a winning strategy. Winners who make money and make money keep sticking to these basic strategies without distraction, while losers who keep losing money repeatedly avoid and violate these basic strategies. In the end, a consistently effective strategy is obviously an essential ingredient for successful trading, but there are also 3 qualities that must be possessed: discipline, discipline and discipline, and whenever I am careless or stupid enough to deviate from these principles, I am bound to lose money – sometimes a lot of money. And according to the strategies and tactics mentioned above, when trading, it is usually profitable. This experience is universal in the world.