Friends, I discovered a heart-wrenching truth: those who always get tangled up in how to cut losses often end up not making any profits at all! Stop always thinking about how to lose less; the focus should be on how to earn more! The core of trading actually boils down to three points:

1. Determine the direction: Only when the direction is correct can you make a profit; if the direction is wrong, cutting losses is futile!

2. Find the entry point: Choosing a good position to enter the market doubles your efficiency in making money, and you can easily reap the rewards!

3. Set profit-taking: This is the most critical! If profit-taking is set well, the profits will truly end up in your pocket!

Don't always hesitate to take profits, or you might end up with nothing at all! Taking profits is even more important than cutting losses! Learn to take profits, and trading will shift from 'losing or not losing' to 'earning more or less'!