There is a very important principle in trading: do not make small money, do not lose big money.
These 8 simple words are actually very difficult to do. For example:
You opened an order for 2W, and the price rose to 21,000 after opening. You were very happy and stopped profit, making 5% and feeling very happy. As a result, the market continued to rise to 25,000... You made 5% and missed 50%;
Then you warned yourself to make big money and resolutely not stop profit this time. Then the market returned to 2W, and you opened another order. After opening, it rose to 21,000 again. You warned yourself to learn from the last lesson and hold on to make big money. As a result, the market returned to 2W and fell below 2W to 19,500, and you stopped loss.
It's so hard for me!
Many people have been constantly switching between this dilemma all their lives and have never been able to get out of it.
Is there a way to make money in both big and small markets?
No, you have to choose one of the two. I usually choose not to make small money.
I can't do 100% of what I said, and no one can do it 100%, but I can tell you the correct concept. How much you can do depends on your personal cultivation. Each of us can only achieve a certain proportion of these concepts. Try to improve this proportion as much as possible.