Are you afraid to go long or short, worrying about getting trapped on both sides?
Here are some suggestions:
— Open a position with a small amount (around 2%-3%), if the direction is wrong, reverse the position; if the direction is correct, add to the position. A small position allows for trial and error, while a large position means you can only pray that this time the direction is correct.
— Set proper stop-loss and take-profit levels; don’t fantasize about perfectly timing the market. Think about what to do if things go wrong before entering, and know when to take profits is more important than just dreaming of big gains. Protecting your capital should always be the top priority.
— Don’t blindly go all in or add to a losing position, especially in volatile markets. The more you try to average down, the more you risk increasing your losses. It’s better to wait until the market clarifies before entering rather than exhausting your resources in a murky range.
Stay close to the rising sun; isn’t this market picking up money too?
