Which location is empty, Teacher?

After entering a trade, the remaining task is how to respond to and handle the market situation. If you do these three things well, your trading will not have major issues.

The first thing is to minimize trial and error costs, simply put, it means setting a stop-loss level. By setting a stop-loss level, even if you encounter adverse market conditions, your trial and error cost, which is the position you set, can minimize your losses;

The second thing is to protect the principal. This is a measure taken when the entire market experiences adverse conditions. At this point, although the trade itself may still be fine, the overall market environment has changed, and you should take measures to exit because the environment has changed. It is particularly important to protect your principal; even if the market situation recovers later, you can re-enter. The safety of the principal comes first.

The third thing is to protect profits. If there are no changes in the overall market as mentioned above, then hold according to your logical rules, and exit only when the situation reverses, allowing you to secure the most reasonable profit. Note that it is the most reasonable, not the most. Doing this allows profits to run while exiting reasonably.

These are the three things you need to do after entering a trade. By repeating them, you can achieve a high probability of stable profits, of course, on the condition that you have an excellent set of trading rules. #BTC挖矿难度创新高 $BTC