After reflecting on the reasons for the losses, here are a few points to remember, recorded as a reminder to myself:
1. Did not choose appropriate entry points based on support and resistance, as well as market trends;
2. Did not strictly differentiate between short-term and trend trades; short-term is short-term, the plan is for short-term trades, but did not exit when profits were made, nor did I exit when losses occurred. It turned into a trend trade, which easily becomes a holding position;
3. Holding positions is okay, but at the right moments, one must decisively protect capital or minimize losses. Timely adjustments based on market trends are necessary to avoid deeper entanglement;
4. Did not set target price levels when opening trades; set stop-loss and take-profit levels simultaneously when opening a trade. The take-profit level can be adjusted later, but the stop-loss level must be firmly established;
5. Often after opening a trade, I hope the market moves according to my expectations, rather than flexibly adjusting based on the actual market situation, thus falling into a passive position.
Remember this as self-encouragement!
