This week, the main focus in the group has been on long positions, with a few short positions also taken, which can be considered as capturing small segments of 2.3 ten points! For long positions, generally, we have been able to make gains almost every day this week, but it is somewhat regrettable that we haven't captured any trades over 100 points.
The day before yesterday, a short position was also taken but resulted in a loss, within 20 points, which was counter-trend. However, from a technical analysis perspective, the signal given was for a short position, thus reaffirming that technical analysis is not 100% reliable! In the face of trending news and policies, all technical analysis is lagging; technical analysis is merely a tool!
To achieve stable profits, at the very least, start from not losing significantly. Remember, unrealized losses are not losses, and unrealized gains are not gains. With unrealized losses, you have the ability to manage your positions and can convert those losses into profits. If you do not close your positions or take profits when they are available, those profits may not belong to you!
True trading only focuses on two things: how to handle being right and how to handle being wrong!
The trading world is ever-changing, but position risk management is always in your hands!