Master these 6 strategies
Teach you to stop losses in time
First, stop loss at key support levels
In the rising market, the price rises to a high level and then stops moving forward. It travels to areas where chips are intensive. Once it falls below the key support level, it will cause severe losses.
Second, failure to buy the bottom and stop loss
Retail investors like to buy the bottom on the left side, but after failing to buy the bottom, they will not stop the loss immediately and become trapped. If the bottom is buried, once the price falls below the starting point of the stage, they must sell even if they bought wrong to avoid greater losses.
3. Fixed stop loss
For transactions that cannot be lost or those with heavy positions, there must be a fixed stop loss position. If a single transaction loses 1% of the total position, a stop loss must be considered.
Fourth, stop loss in rising market
Continuously adding positions while rising is a winning approach. If the price of a single currency falls below the previous high and the lowest price of the first three K lines, you should consider stopping adding positions or stopping losses.
Fifth, moving average stop loss
If you use the moving average system to judge the market, if the price breaks through the key moving average, you must stop the loss decisively when the breakdown is confirmed.
Sixth, trend line stop loss
In the middle of the upward trend, if the closing price falls below the trend moving average for two consecutive days, it is necessary to decisively reduce positions and stop losses. If you hold on hard, 90% of retail investors will sell out when the currency price returns to the cost price. The purpose of this stop loss is to take the initiative. Not participating in the main washout
