Position management:

Because many people have asked me about position management recently, I will briefly talk about it here.

First of all, those who ask this question are basically newbies because position management is a very basic concept.

If you are new to this market and do contract trading, then I recommend opening a fixed stop loss. The range of one mistake is your weekly salary. This is more reasonable. When you have the ability to make stable profits (for example, you have been profitable every month for three consecutive months), you can consider increasing your position appropriately. Of course, if you are unfortunate and have tried for a long time and found that you have been losing money slowly, then I suggest that you can quit this market when you lose two years' salary, because it is equivalent to making a hundred mistakes in a row. In this industry, talent is not particularly important, but it is not okay to have no certainty at all.

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