Locking positions may seem inconspicuous, but it is the most important trading discipline!
Definition of locking positions: After setting a stop-loss when opening a position, close the app and do not pay attention to the market. Only open the app the next day to check and then proceed with any operations.
Multiple experiences of liquidation stem from not executing the locking positions!
If you do not execute locking positions, you will pay attention to market trends and fall into the trap of frequent trading, which will inevitably lead to losses. After incurring losses, the eagerness to recover will push you to use high leverage. High leverage and frequent trading make a deadly combination! Trading frequently with high leverage is like one person fighting a hundred wolves, destined for total annihilation!
If you do not execute locking positions and constantly watch the price, even if you make the right move, you won't be able to hold on to it!
If you do not execute locking positions and have an obsession with a particular coin, you will tend to withdraw or modify the stop-loss price when the situation is unfavorable, leading to holding onto losing positions and ultimately resulting in liquidation!
Locking positions is very simple: after opening a position, close the app and do not reopen it on the same day. It's that simple; can you do it? It can be said that 99% of people cannot do it! Therefore, the vast majority of people incur losses!