Some thoughts on stop loss and trial and error, understand and avoid ten years of detours
Many friends cannot accept stop loss. They clearly set a stop loss before entering the market, but when the market does not move as expected after entering the market, they will adjust the stop loss or directly remove the stop loss. In the short term, they may rely on holding orders once or twice. It can be brought back, but in the long run, this behavior will undoubtedly put your account on the edge of destruction and jump repeatedly. The winning rate brought by carrying orders cannot be used as a part of stable profits. We always need to know whether we are coming in to make a profit or not. If you enter with a winning rate, if you can't do a good profit-loss ratio, you can only become the nutrient of the market.
Regarding trial and error, I will never put my account into heavy trading, nor will I continue to mindlessly carry orders and then increase positions indefinitely to game the market's correction. I strictly enforce trading discipline when entering the market. Stop loss should be taken and stop loss should be taken. If you raise a loss, you raise a loss, so for me, every time I enter the market, it is just a trading choice rather than a bet on my wealth and life!
Controlling our own mentality and strictly implementing trading disciplines are the foundation for our long-term survival in the market! !!#BTC#ENS