宝城期货：学会坚守

Report Summary Core View - The essence of futures trading is a long - term psychological and disciplinary battle, and the most important thing is to persevere, especially in the face of losses, doubts, and loneliness [2][3]. - Many traders fail due to "mid - course changes", while adhering to a proven trading system can lead to success [3]. - An effective trading system should be strictly followed, and emotional trading and poor execution can lead to losses [4]. - Persistence also means respecting "waiting", as most of the time in futures trading is unprofitable but crucial for eventual success [4]. - Persistence does not equal stubbornness; core principles should be adhered to while details can be optimized according to market changes [5]. Examples and Evidence - A senior trader adhered to a trend - tracking strategy despite a more than 40% account drawdown in 2020 and achieved doubled profits in 2021 when the agricultural product bull market started [3]. - In the three - year siege of Handan, the city's victory was due to will, organization, and discipline, which is similar to the requirements in futures trading [2][4]. Comparison and Analogy - The Handan Defense War is compared to futures trading, highlighting the importance of will, organization, and discipline in both scenarios [2][4]. - Traders' inconsistent actions in futures trading are likened to soldiers' desertion in a war, leading to failure [4].