The art of speculation can be summed up in two points:
①: How much can you earn when you are right; ②: How much can you lose when you are wrong
Everyone reflects on those trades they were certain would be a great success, questioning why they took such light positions; they also look back on those hesitant trades, wondering why they kept adding to losing positions.
Position management is one of the hardest skills to master, but improving this ability is the most effective leverage. Position management is one of the best things I have done in my career!
Sometimes you are full of confidence and heavily invested, yet you incur losses for several days and decide to cut your losses and exit. However, everyone may have this feeling: the market is watching your position, and as soon as you close your position, the market starts to reverse.
Never hold on to losing trades; if the trend is wrong, cut your losses in a timely manner. In this market, longevity is the real skill. Every action you take now pays off for your future self. Are you still floundering in the market? Tossed around by the daily ups and downs, unable to sleep? Contact @加密路路
