How to never blow up your position; how to set stop loss?

A fan asked me: Jiuge, how do you usually stop loss?

My answer:

Mainstream trend orders are entered in batches;

For example, Ethereum is generally bullish in the future tense;

3280 3180 3080 My blow up point is 2600

Looking at the technical indicators and comprehensive information, 3050 is the longest time for Ethereum to linger, and it is also the most difficult stage for the long-short boundary;

If it falls below 3050 and does not rebound, I will reverse the short position to hedge until the trend is clear.

Then sell the short position when the market starts to rise!

Continue to wait patiently for the arrival of the long trend.

The formation of the trend is not 1-2 days, nor is it a week.

At least 1-2 months in the early stage of the bull market, and nearly a month in the middle of the bull market.

So even if you do high-sell and low-buy in units of one week, it will not be a big problem, so that you can avoid not losing a lot of money and not making a small amount of money in a wave.

Small waves can be done, and the upper waves must be there. Only long-term waves can really make considerable profits.

Some cottages with bad positions are indeed easy to stop losses. There is no way! If you want to use high leverage to bet on a small wave of 10 points, you can only chase the rise, or buy the bottom with a small position. There is no bottom for cottages. Recently, I found that it is best not to set any capital protection loss. Follow the principle of doubling the principal, continue to take the profit, and then sell it with 2-3 times the profit; the rest is sold together with the dealer when it reaches an extreme point. If it explodes, it will explode. In this way, you can make more money.

Some news-related coins chase the rise, and they are sold immediately when they reach the expected price. Look at Dogecoin. Every time Lao Ma shouts, does it rise and fall as much as it rises? The same is true for other celebrity tokens.

PS: The above are some personal experiences, for reference only! It is not the only standard! And no responsibility is assumed! What needs to be controlled in investment is human nature!