Then I discovered that some of you are in a situation of not knowing how to handle situations, more precisely, not knowing how to manage orders, due to not having a trading plan, in short, not having a clear and consistent trading system. The 3 key phrases that you need to have soon, search on YouTube, Google, or Chat GPT: "trading system", "capital management", and "psychological management".
The above three should be learned gradually, for now, I will help you handle situations once you have determined the overall trend.
For example, if the view is bullish (do the opposite if bearish)
1. If anyone has an order from below but has run out of money, then just sit and watch or find more money to add to the order at important levels in a smaller frame, for example, if someone has a bullish view on Week, then enter on Daily or 4h, 1h to add at levels like the peak, old bottom, key levels or support-resistance which is something you know how to analyze technically.
2. If you do not have an order, you must divide your capital, enter at the current price, and there are 2 cases here: if the price goes up immediately, then like person number 1, but if it drops deeply (like the person mentioned about chasing the peak), then use the remaining money to DCA at important levels, if you follow the bandwidth then choose important price levels, if you follow the timing and cycle theory, then 2-3 red candles are the time to enter.
3. The most dangerous person is when the price goes up but keeps wanting to open sell orders, can still do it but with a volume smaller than half of normal, absolutely adhere to SL and TP (TP should be set lower than normal). In my opinion, those of you should first change that mindset, because in the long run, you will still lose. The mindset is to determine that when the price is rising, only look for buy orders. When the price is falling, look for sell orders, do not do the opposite, mixing buy and sell.
4. If you are holding a sell order that is currently under pressure, this person is the most exhausted.