11.22 Review
Be cautious when opening positions
Originally, I recovered the losses from the past two days last night
But I didn't protect the fruits of victory well and, in excitement, opened positions recklessly and lost again
Recently, I've been reviewing and organizing my contract operations, and I've talked with many people
The general consensus is that I open positions frequently but can't hold onto them
When I'm in a losing position, I tend to hold tightly
1. Don't add positions randomly; make sure to add at key levels
You can draw your own lines to see the structure or look at the EMA
I found that generally, during an uptrend, it rarely breaks below the 5-minute EMA 21
2. If you are betting on a trend and opening positions early, I recommend opening at a low leverage so it's easier to hold
For high leverage, it's better to open when the market starts moving; otherwise, the fluctuations can wash you out in an instant
It really tests one's psychological endurance
Of course, this mainly depends on the duration of the K-line trades you are doing