Is it better to enter the market and place an order or a pending order?
Some time ago, in a small uptrend, I placed a position on $SOL, and forgot about the pending order when it fell later. This order was an unexpected order, and I was not prepared to place an order at that position, and I did not make any plan; when I remembered it later, the market was already oversold, and because it was not in the plan, I decided to stop loss and exit immediately
The $700 was a lesson for me. Entering the market and placing an order is a very rigorous matter, and you must make a foolproof plan; the key point is: once you enter the market, it is like a minefield, and you may lose this position at any time
In the future, I will see the exact signal and make a plan before placing an order to enter the market, and don’t worry about the point. Some key positions can be placed directly, which will make you more upset
