In a volatile market, many friends may find themselves trapped back and forth in long and short positions, suffering greatly. Today, let's talk about how to get out of being trapped.
1. Once your position is trapped, do not panic and cut your losses. As long as you still have available funds, let the position remain in the market, closely monitor whether the market direction changes. You should know that before you sell, the loss is merely a number on paper, not an actual loss.
2. Be sure to set a stop-loss line for yourself. Once your losses reach this limit, you must decisively cut your losses and exit. Then, patiently wait for the market to recover, and when the price pulls back to an ideal position, re-enter the market. With new positions, you not only have the chance to recover previous losses but can even make additional profits.
3. If you are good at short-term trading and your strategy involves quick entries and exits, then when you sense that the market trend is not right, you must sell all your positions without hesitation, just like stopping immediately at a red light. You must not hesitate, lest you become deeply trapped. Remember, controlling small losses is actually a good thing; preserving your capital is the fundamental aspect of investing.
If you also desire to profit in this volatile market, it’s definitely too late to seek help at the last minute. It’s best to have someone experienced guide you to get started quickly. I am Yifeng; follow me, and I would be happy to share my trading strategies and unique insights with you. 👀👉 Let's work together on our trading plans.