The market has been so strong in the past ten days that it is unreasonable. Even if it is not a crazy bull market, it is definitely a bull market. Those who have built positions and survived will eventually be rewarded, but those who were washed out halfway are in a dilemma. Should they chase or not?
According to the increase in the bull market, there is definitely room above. If you don’t consider the better cost, you can definitely chase it, but if you chase it, you are afraid that there will be a pullback in the near future. In this case: either chase some and keep some to prevent pullbacks, or choose currencies with smaller increases but will make up for the increase; but if it were me, I would still choose the first option, the current mainstream, at least the increase is highly certain.
This is how to build positions on the right side. If you miss the low point, the high cost of building positions and risk are the prices you must pay!
But although I opened a position at a relatively low point, I sold 1.5 layers of positions last week, and sold 0.5 layers today. Now I am back to the 2-layer mobile position. This does not mean that I am bearish, but that I have already eaten 50%-100% of the profits since the low point. I sold 20% to lock in a certain profit at this stage. If the price continues to rise wildly, I will also have an 80% position. If there is a callback, I can also increase my position to make waves and leave room! This is a personal trading habit!
If your trading habit is Buddhist, then just hold the currency and wait for the rise!