Some thoughts on stop-loss and trial and error, understand to avoid unnecessary detours for ten years
Many friends cannot accept stop-loss. Clearly, a stop-loss was set before entering, but once in, if the market does not perform as expected, they will adjust the stop-loss or even remove it entirely. In the short term, they might manage to recover with some perseverance, but in the long run, such behavior undoubtedly places their accounts on the brink of destruction, jumping back and forth repeatedly. Relying on the win rate brought by perseverance cannot be considered part of stable profits. We must always know whether we are here to make a profit or to maintain our win rate. If you cannot manage the risk-reward ratio well, you can only become the market's nourishment.
Regarding trial and error, I never use my account for heavy trading, nor do I blindly hold positions and keep adding to them to gamble on market corrections. I strictly follow trading discipline when entering the market; I set stop-losses where needed and adjust them accordingly. Therefore, every entry is merely a choice of trade for me, not a gamble of my life’s savings!
Controlling one’s mindset and strictly adhering to trading discipline is the foundation for our long-term survival in the market!!!
Recently, I plan to position myself in a potential coin that is ready to explode; doubling is quite simple. At the same time, I am looking for some potential coins to hold until the end of the year, and a projected space of over 10 times is not a problem. If you want to follow my insights, leave a message, follow, and like, gold. skirt