Many people say that holding onto positions is a bad habit, but we should utilize the habits and tactics of the big players to make big money. If you are holding a profitable position, shouldn't you continue to hold it? So the question arises, we should hold positions, right? The essence of profit is to minimize losses and maximize gains. How can we avoid being caught in a trap by the big players? 99% of positions will turn from loss to profit, and 99% of positions will also turn from profit to loss, so the big players will use some tactics to wash out these positions to facilitate their own profits.
What we should do is to make our profits run quickly while minimizing losses. We need to use our position size to control this; setting take profit and stop loss can actually be achieved, but the effect is not significant, and it's generally difficult for most people to do. Even if they manage to do it, they often fall into a loss aversion mentality, and if not careful, they can easily be swayed by emotions.
Many people say that stop loss is the cost of trading, but I think this cost is too high. Can we avoid paying this unnecessary money? The answer is yes. We need to use the opposite of loss, which is profit, and the positive side of profit is substantial gain. By effectively utilizing these two aspects repeatedly, we can overcome the big players. If you have questions about what I said, you can leave a message below. Be sure to follow me for ongoing analysis. Recently, my time for business trips has been limited, but from mid-June to September, I'll take everyone on a big adventure.