A complete trading strategy includes the following:

1) Target: What to trade.

2) Position: How much position to hold.

3) Direction: Clearly whether to go long or short.

4) Entry point: At what point to trade.

5) Stop loss: When to exit a losing trade.

6) Take profit: When to exit a profitable trade.

7) Countermeasures: Make a plan to deal with emergencies.

8) Backhand: Subsequent operations after the transaction ends.

After formulating the strategy, the next thing to do is to strictly implement it, be patient, and abide by trading discipline. Waiting for the market to develop in the expected direction, you may encounter the following two results in the process:

Loss: Summarize experience, learn lessons, and become more courageous. Loss is a normal cost in trading.

Profit: Take the money and consider adding positions or adjusting stop loss to get more profits. Such a trading process is complete, which is the famous TLS technical analysis method.

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