Find the direction before the market opens, find the opening position during the market, make the profit and loss appropriate, and take the loss instead of the profit!
In fact, this is a comprehensive issue. The first thing the market gives you must be the target position. When the market reaches the target position, then the stop loss position is, and finally the position to open a position. That is to say, before you open a position, your stop loss is absolutely fixed, and the stop profit + is relatively fixed. At this time, the profit and loss ratio + of your opening position has already come out. The stop loss is fixed, which is very simple. As long as the stop loss is hit, it is a reversal! The stop profit is relatively fixed because the market is moving. When it reaches the original target position of the market, you need to see the market's reaction. If the market is bullish, then the market will continue. At this time, just follow the market sentiment. If the market reaches the market target, the market sentiment is not high, and the big guys are unwilling to continue to go long, then what you need to do is to get out immediately. If the market does not move to the target position and reverses, then you only need to follow the reversal standard. If the market meets the reversal conditions, just get out and realize the profit immediately!
Of course, the above is based on the premise that your technical analysis is sound, and three situations may arise. Judging them requires combining multiple conditions. When one condition is met, look for the second condition. When all conditions are satisfied, you can handle the orders you have accordingly. This is actually what experienced traders often refer to as closing positions + it is essentially experience; they just cannot standardize the market and compromise helplessly. There is no way to quantify the conditions, so they rely on experience for judgment. All closures must be increasingly flat as the price rises, rather than waiting for a pullback. The reason here is that all peaks indicate capital outflows, and retail investors are scrambling to buy! Some say that if you can eliminate floating profits and drawdowns, you will face the situation of missing out on market movements. This is actually, on one hand, due to a lack of reasoning about levels and cycles, and not understanding the logical relationships between them, which leads to such situations. On the other hand, it is psychological factors that cause missed opportunities or floating profits and drawdowns!
