Core Trading Principles:
1. Stop Loss: The key to stop loss is controlling the losses caused by incorrect direction, ensuring it is within a range you can bear. The purpose of a stop loss is not to resist losses, but to cut losses in a timely manner to avoid greater losses.
2. Take Profit: Take profit should be seen as protection for floating profits, rather than blindly pursuing a certain "highest" or "lowest" point for closing positions. Remember, market trends are complex, and you cannot accurately predict every fluctuation!
3. Adding Positions/Rolling Positions: Follow the trend, but be cautious when going against it. When there are existing profits, you can appropriately add positions and move the stop loss of the original position up to ensure that the profits already gained won't be given back. Newly added positions also need to have a stop loss set, with specific points determined by personal judgment. In summary, follow the major trend, and be cautious with minor trends.
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