Key Response Strategies After Entering a Trade
1. Control Trial and Error Costs
After entering a trade, the primary task is to minimize trial and error costs, which means setting a reasonable stop-loss level. Once faced with a reverse market movement, the pre-set stop-loss can effectively limit the range of losses, reducing the cost of trial and error to a minimum.
2. Ensure Capital Safety
When the overall market trend reverses, even if an individual trade does not appear abnormal, one must decisively exit to protect capital. When the market environment changes, individuals find it difficult to completely fend off risks; capital safety is paramount, and one can re-enter when the market warms up.
3. Lock in Reasonable Profits
If there are no drastic changes in the market, follow your trading logic and hold your position until the trend reverses before exiting, thus securing reasonable profits. This approach allows profits to continue accumulating while also facilitating timely exits. After entering a trade, repeatedly practicing these three measures will enable a steady progress in your trading journey.
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