1. About admission
Entry is a process of trial and error. No entry can guarantee 100% of what will happen next. Entry is not the whole of the transaction, it is just the beginning of the transaction.
Finding the perfect entry is the biggest trap in trading. Only after overcoming this hurdle can you truly start to think about what trading is and truly involve the subsequent links.
2. About stop loss
Stop loss must be decisive and resolute, this is the entry-level lesson of trading. Risk trading, the premise is to control the risk. Only by actively cutting losses can you put the initiative of life and death of the account in your own hands. Only then will you have the opportunity to continue in an uncertain market.
3. About stop profit
To stop profit, you must try to let go of the profitable end. If you can't let go of the profitable end, you can't bear the retracement, you can only make small money forever, you can never get the trend market, and you can't even earn back the cost of trial and error.
In trading, losses must be actively controlled by oneself, and whether or not you can make a profit depends on uncertain trends. Therefore, trading should actively cut losses and let profits run. Only in this way can you have the opportunity to accumulate advantages and have positive returns.
4. About trends
The market is uncertain, so the height and duration of fluctuations and trends cannot be predicted.
However, the oscillating thinking of holding on to losses and quitting when the going gets good is difficult to achieve risk control, while the trend thinking mode of cutting losses and letting profits run can. Therefore, when doing transactions, trend thinking is a feasible hope for achieving profits.
