Profit and loss are free. Stop loss and stop profit are the key
Stop loss
If the United States does not cut interest rates, you are in China during the day, and you look fine at night. You stay up until 2-3 o'clock and fall asleep in a daze. Suddenly, an interest rate hike is announced at 4 o'clock. You are still sleeping. When you get up, it is already 6 o'clock. You have lost 50%. At this time, if you set a stop loss, you can lose less.
Stop profit
When you are asleep, the market here is still fluctuating, and there are several short-term pull-ups. It just happens that one time it is pulled up to your stop profit position. Not only do you not lose, but you also make a small profit.
Setting stop profit and stop loss is to control the risk within an acceptable range!
If you don't know what to do with your loss now, please follow me and communicate at any time. Just to increase fans, share more practical suggestions!
