TradeCoinVN_Official
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How to Hold Losses While Staying Calm❓
First is capital management, each margin order should be around 1-2% of the account, which is fine. Avoid using too large a volume compared to the account, as it will create anxiety.
Second is order management and risk assessment. Before entering an order, it is essential to ensure that the risk always remains within acceptable limits, only accepting high risk when expecting a significant gain.
Third and most importantly, always set a Stoploss. The Stoploss should be placed below or above the breakout zone, so when the order hits the stoploss, it is highly likely that the order will no longer perform as expected, and cutting losses is the best option instead of holding on and waiting for a reversal.
The trading principles are very simple, but trading simply is very difficult. Practice controlling your psychology instead of trying to control the market.
Wishing everyone a happy weekend!
#TradeCoinVN_Official #Binance #MarketPullback
First is capital management, each margin order should be around 1-2% of the account, which is fine. Avoid using too large a volume compared to the account, as it will create anxiety.
Second is order management and risk assessment. Before entering an order, it is essential to ensure that the risk always remains within acceptable limits, only accepting high risk when expecting a significant gain.
Third and most importantly, always set a Stoploss. The Stoploss should be placed below or above the breakout zone, so when the order hits the stoploss, it is highly likely that the order will no longer perform as expected, and cutting losses is the best option instead of holding on and waiting for a reversal.
The trading principles are very simple, but trading simply is very difficult. Practice controlling your psychology instead of trying to control the market.
Wishing everyone a happy weekend!
#TradeCoinVN_Official #Binance #MarketPullback
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