As soon as I got here, I was asked what to do if I am trapped?
What else can you do? You didn't even know to look at the loss point before opening a position?
If you want to make money in this market, you need to give up your fantasies!
I summarized three points that I feel are useful for you to take on your own.
1. Based on position status:
For those slightly trapped, you can exit during a rebound or reduce positions at a high. For those heavily trapped at high levels, you can reduce positions partially at a high to gain a psychological and financial advantage in the next wave of the market.
2. Based on the technical status of the purchased variety:
If trapped at a high position, immediately cut losses. If trapped at a medium position, observe the situation and seek to break even or reduce positions at a high. If trapped at a low position, there is no need to rush to cut losses; wait for stabilization and add to your position at the support level to lower costs, waiting for a rebound to break even.
3. Based on the trend status of the purchased variety:
In an upward trend, hold patiently and wait for a break-even or profit. In a balanced oscillation trend, patiently wait for a high point, and decisively exit when breaking even or at a small loss. In a downward trend, once confirmed, immediately cut losses to avoid deep entrapment.
I created a group; those interested can come and communicate.
Observation: bmt bnb pepe dego