Tips for unwinding! It's all useful information, if you don't read it, you will miss it!
Trapping is a common problem here. The market is unpredictable. Don't panic when you encounter a trapped order. It is crucial to master the method to deal with it calmly. The following are simple tips for dealing with trapped orders:
Handle according to the position status:
• Mildly trapped: Use the rebound market to unwind or reduce positions at highs.
• High-level trapped: Reduce positions partially at highs to gain psychological and financial initiative for the next wave of market.
Deal with it according to the technical status:
• High-level trapped: Stop loss immediately.
• Medium-level trapped: Wait and see for the time being, seek to unwind and leave the market, or reduce positions at highs to reduce losses.
• Low-level trapped: Don't rush to stop loss, wait for the currency to fall and stabilize, add positions at low important support levels to dilute costs, and use rebounds to unwind.
Operate according to trend status:
• Upward trend: No need to stop loss, hold patiently and wait for unwinding or even profit.
• Balance the oscillating trend: patiently wait for the currency to enter the high position of the oscillating cycle, and decisively leave the market when the loss is very small.
• Downward trend: stop loss immediately after confirming the formation of the downward trend to avoid deep lock-in.
If your ability is not enough to support the current situation, you can find someone with ability to guide you. To seize the opportunity, you need to have a trading strategy, skills and a good mentality that suits you. When making orders, you should take stop loss and take profit, and do not resist orders. If you are trapped, you can analyze the specific situation and solve the problem in a targeted manner.
Three key points of investment: analyze market conditions, control risks, maintain a good mentality and correct concepts, operate with a light position, strictly stop profit and stop loss, and stop loss in time when the direction is reversed. Activists look for opportunities in troubles, face volatile markets, and seize every opportunity to grasp the future!
