Three Key Points for Traders' Long-Term Survival!!!
Three Ways to Hold a Position: When you have a position, let's say opened at 98, and now at 95 you choose not to act, that's one way.
- What would the second option be? You might think about making another buy, waiting for it to pull back to the average line, which means counter-trend acceleration before exiting. And what’s another option? It's called Martingale, you made a buy at 40 using 1 lot, and then you add 3 lots at the 30 position; as long as it pulls back a little, you can even profitably exit.
And what's another option? It’s that you choose to open a short position instead. Oh, when it comes back, this one will be unwound, that one will be unwound, the above methods will definitely lead to liquidation—there’s no need to think; I've been trading for over a decade, and I'm clear that I've tried all these things professionally, even more than you will try. Finally, remember this: because you have already entered the dealer's designed human funnel. So from the first step, if you set a stop-loss, there won’t be any human nature involved. Some people will say, ah, there's going to be a micro-reversal here.
Because every trade has a stop-loss, either you exit, or you say goodbye, or you make a profit. So they will continuously provide liquidity, laying out waves; you make a trade then start mumbling: come up, come up, brother, I beg you, please don’t go down, ah, it's over, **scam. Your mind is full of hopes that your human nature vividly displays. You're not a machine; you're still a person.
So you must turn yourself into a machine. Now the condition to become a machine is to set a stop-loss, and that’s the first step.
The second step is not to modify the stop-loss. Suppose you made a buy at this position and set a stop-loss here. Oh, it slips down, oh no, I almost got stopped out, oh no, what if I get stopped out? Adjust the stop-loss down, oh, it slides down a little more, oh no, anyway, I’ve adjusted, what's a little more? Then adjust it down again, oh no, it’s okay, then boom, liquidation. You’re all filled with hope, all human nature. You’re simply not a professional trader; a professional trader has no human nature. So to avoid such situations, you must not modify the stop-loss position. Sweep is a sweep, profit is profit, and loss is winning.
