Let's talk about the selling points of entry points, why can't you always hold on?
Regarding entry points, there are three key factors.
1: There must be a unified standard, whether it is a fixed take profit or a dynamic take profit following the trend; having a standard allows for proper execution.
2: You must have confidence in your exit standards. For example, I set a fixed take profit at 3:1; when I reach that level, I close the position. I have backtested this method, and it can definitely be profitable. Orders either take profit or stop loss; do not get entangled. With such confidence, it becomes possible to hold on.
3: Let go of obsessions. Any take profit method has its pros and cons. Fixed take profit may not capture large movements; following the trend may give back significant profits, and profits are minimal in volatile markets. Do not demand a perfect exit strategy; do not fantasize about selling at the best position every time; perfectionism is not desirable.
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