Position management is the true secret to success!
Don't simply think that position control
is just about controlling the size of your entry funds.
This is just the surface.
The essence of position management is controlling your trading emotions.
Think about it: if you are fully invested and hit a limit down,
wouldn't you be instantly enraged by the market?
Can you still respond rationally?
Once opposing emotions arise, the situation gets out of control.
The likely outcome is a series of mistakes leading you deeper into trouble.
Now consider, if you are only invested 10% and hit a limit down,
how serious is that?
If the position isn't high and the fundamentals aren't bad,
you would dare to continue playing along.
Even if you stop loss, it wouldn't hurt your vitality too much,
and your emotions wouldn't plummet.
Emotions directly affect mindset,
and mindset directly affects responses,
and responses directly affect results.
The secret to good position management
is one word: slow!
Develop the good habit of making decisions after 2:30 PM.
Whether the market is strong or weak
is basically clear by 2:30 PM.
Most mistakes made in the market are related to rushing.
Slowing down can reduce your error rate by 90%.
Slow is fast!
Once you understand and execute position management well,
you will immediately feel the effects,
and your trading mindset will be vastly different from before.
Never think that only large funds need position management.
Don't find any excuses to reject position management.
The essence of position management is risk management,
it's mindset management!
No technique can replace position management.
Position management is strategy; no technique can compare.
I have been in the industry for 10 years, and these are my personal experiences.
I'm not trying to preach any grand philosophy.
Once you understand position management thoroughly,
you will truly be entering the world of trading! If you have any questions, feel free to ask #我的炒股日记 #仓位管理 $BTC