How to Trade?
Then you should take a serious look:
Step 1: Identify Trends
First, observe the market trends to determine whether it's an upward trend, downward trend, or sideways market. Choose appropriate strategies to cope with different market conditions.
Step 2: Determine Direction
Based on the market's movement, judge whether it's a main upward wave or a main downward wave, while also considering market sentiment and capital flow to confirm the direction.
Step 3: Find Position
Look for suitable buying positions, taking into account whether to act with or against the trend. When acting with the trend, look for support and resistance levels; when acting against the trend, choose appropriate stop-loss points.
Step 4: Look for Signals
Confirm trading opportunities based on technical indicators or other signals. Strong signals can increase positions, while weak signals should be handled with caution.
Step 5: Set Stop-Loss
Set stop-loss points to avoid significant losses. Stop-losses should be adjusted according to market fluctuations to ensure risk control.
Step 6: Set Position Size
Determine position size based on account capital to avoid excessive concentration and to allocate funds reasonably.
Step 7: Look for Space
Confirm market space and potential profits before entering, avoiding rash entries when most of the space has already been consumed.
Step 8: Close Positions
Timely close positions based on market fluctuations. For positions with significant profit or loss, strict closing rules should be established.
Step 9: Add Positions
Under the premise of complying with risk control rules, appropriately add positions, but do so in batches to avoid excessive concentration of risk.
Step 10: Position Addition Strategy
When adding new positions, ensure they comply with market conditions and that risks are controllable. Each time you add positions, evaluate cautiously to avoid blind operations.
The market is still brewing. If you still don't understand how to play, it's okay. Let's work together to layout the plan; I'll arrange the positions clearly for you!
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