Is it harder to stop profit than stop loss? Stop loss depends on discipline, but what does stop profit depend on?
People often say: Those who know how to buy are apprentices, and those who know how to sell are masters. This makes it easy for people to ignore the importance of buying, and not to think deeply: Is the master better at selling because he is better at buying than the apprentice?
Stop loss, i.e. limiting loss, is often seen as a manifestation of discipline. Traders need to set clear rules that once the price hits the predetermined stop loss point, a sell order must be executed to avoid greater losses.
However, the really difficult part lies in how to set a reasonable stop loss point, which often requires a deep understanding of the market and keen insight.
Stop profit, that is, locking in profits, is also the key to successful trading. But compared with stop loss, stop profit depends more on the understanding of market trends and personal trading strategies. The choice of stop profit timing reflects the trader's understanding of market rules, personal ability and degree of discipline. The law of stop loss and stop profit.
How do rules come about? They come from observation and statistics. How do rules come about from observation and statistics? They depend on people's observation and statistical abilities, and also consume people's knowledge and experience, and even cannot be separated from the willful or unintentional influence of God.
What is cheating? It's not about how good your card-playing skills are, but about whether the cards you draw at the beginning are good enough.
What is a good enough hand? No matter how good your card-playing skills are, they are nothing but a joke in front of absolutely good cards.
If the outcome is determined by playing cards, most people can only buy tickets and be spectators, rather than foolishly sitting at the card table and helping others count money. Just like competitive sports, most people participate in entertainment rather than bringing their own chips to challenge athletes and contribute to their income. Only a very small number of people believe in what they see, do not deny what others see, and are willing to try to see things from other people's perspectives. Those who cannot see do not agree with what you see or know, and they are satisfied just trying to hurt you.
Therefore, don't worry about losing your cheating skills, and don't worry about someone plotting against you. Make a fortune in silence.
