Let me talk about my position management
1. Fixed amount trading: the opening amount of each order is fixed. Take 10000U as an example. Each time you open an order of 2000U, you will open an order of 2000U. If you make money, you can withdraw it in time. In this way, the proportion of stop profit and stop loss will be balanced in probability. If the profit rate of the order is greater than 50%, you can make stable profits.
Play with reasonable positions (for details, please refer to the three-three system in the early stage), your mentality will be better. If you make money, you can withdraw it in time. Don't rush to expand the scale of transactions. This can help you avoid obvious mistakes during the transaction. Ming made several profits, but the last mistake was back to the embarrassing situation before liberation!
2. Stop profit in time and lock in profits. The currency circle is fast-paced and the market fluctuates quickly. Whether it is a veteran or a novice, there are certain feelings in this regard.
When the profit reaches a certain value, you can stop profit flexibly, such as 10% for short-term, 30% for medium-term... There are many methods, just find the one that suits you. In terms of details,
1. Actively cash in profits. If you feel that the market is weak, you can take the initiative to run if the short-term is less than 10%. It is right to make money.
2. When the market is good, you can also stop profit for half first, and set the other half to protect the principal to bet on higher profits.
Just these two points, trade by position, take profit and stop loss, cash in profits in time, and sort out the logic. I wish you all stable profits!