What if the transaction has already suffered a loss? If you encounter a single small loss, most of the time it will not affect your life very much.
Stop loss does not mean that the order is wrong, but it is to prevent the stop loss from further expanding, especially to the point of being out of control.
The risk brought by the top is greater than the risk brought by the stop loss. If a large loss has already occurred, what is most needed at this time is actually patience, and the core factor of patience is planning.
At this time, you need to make a comparison of the difficulty. One is to get back the investment quickly, and the other is to take a longer time to get things done. You need to think about which method is more difficult to implement. Or think about whether the statistical probabilities of these two implementations are the same. If you think about this question clearly, I think you will have the answer in your mind.
You have to believe that this is just a bad day, not a bad life. You can make things easier to accomplish through planning, which is what the ancients often said, "Preparation leads to success, and lack of preparation leads to failure."
Long-term trading does not seek to multiply the profit several times in a short period of time, but chooses to use a longer period of time and repeat large samples to allow the advantages to emerge in probability.
For example, Yiming's trading system has been tested with large samples, multiple varieties and multiple years to eliminate wrong answers and verify logical concepts. From induction to deduction, a positive result is obtained with a small retracement.
After a long time of actual practice, you will find that trading is mostly small losses and small profits, with occasional big profits and no big losses. This makes it more sustainable and can be repeated in large quantities. If you know how all this happens, it will be easier to open a position without doubt and hold a position without fear when executing it.