Three steps of rolling positions
1. The first step of rolling positions is to find the market rhythm. This is like a dancer keeping up with the beat of music. Investors need to study market trends in depth, understand the law of price fluctuations, and find the most suitable range of fluctuations or trend market for rolling positions.
2. Set stop loss and stop profit. Rolling positions is like walking on a tightrope, and risk prevention and control are crucial. Setting a reasonable stop loss point can prevent major losses caused by sudden changes in the market; setting a target stop profit point ensures that the profit is secured in time to avoid greed and profit spitting.
3. Adjust your mentality. In the rolling position operation, your mentality determines success or failure. In the face of ups and downs in profits and losses, you must remain calm and not be confused by temporary gains and losses. Remember, rolling positions are a protracted war, not a one-time deal. Only by "looking at the long-term" can you laugh to the end in the ups and downs of the currency sea
Adjust your positions
1. Timing: Enter the market when the market meets the conditions for rolling positions.
2. Opening a position: Follow the signals of technical analysis and find the right time to enter the market.
3. Add positions: If the market goes in your direction, then gradually add positions.
4. Reduce your position: When you have made the expected profit or the market is a little bit wrong, sell slowly.
5. Close your position: When your target price is reached or the market is obviously changing, sell everything.