WIF
When the variety falls by a certain percentage, you must resolutely stop loss (about 2% for short-term, 5% for medium-term, and 10% for long-term). This is the inspiration from Chinese chess.
Playing chess is seven steps ahead. When in a passive situation, you must sacrifice the pawn to save the rook. Only by saving the rook can you have the possibility of turning the tables.
The iron rule of stop loss is mainly aimed at avoiding systemic risks, and it is not suitable for technical callbacks, because a pawn crossing the river is better than a rook.
Long and short tips: entry position and stop loss position!
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