What is the most critical point for a novice to turn the tables?
The answer is: you can attack when you advance and defend when you retreat. This is crucial in the trading logic of novices. When you make the right judgment, you should allocate positions reasonably to maximize your profits; when you make a wrong judgment, you need to effectively control risks to reduce losses. Unfortunately, many novices tend to only focus on offensive plans but ignore defensive strategies.
They put all their hopes on a certain or next transaction, hoping to recover their previous losses in one fell swoop. However, this kind of thinking often leads to the gambler mentality, making them overly dependent on luck to make money.
The real trading logic emphasizes tight settings and plans. Before buying, you should be clear about why you choose to buy at this time, as well as the strategies for adding positions and stop losses after buying. You must make good offensive and defensive plans to ensure that you lose less when you are wrong and earn more when you are right. Only in this way can you achieve a turnaround.