The essence of taking profits and cutting losses is the same, but the difficulties are still different. Both taking profits and cutting losses are selling behaviors, and both are risk management actions taken after identifying risk signals. From another perspective, taking profits is actually a form of cutting losses. Stop-loss orders are usually set together at the time of placing the order, so there is enough time for thinking and decision-making.
Taking profits requires us to make temporary decisions in the face of unknown market conditions, usually giving us very little time to decide. This places higher demands on traders' on-the-spot reactions and psychological qualities. Traders can easily make wrong decisions in haste, and then regret it later when reviewing their trades, because there is plenty of time for thinking and analysis during the review.
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