It's sad! Look at this data. In the past 24 hours, nearly 95,000 people had their positions liquidated, with a total amount of up to 260 million US dollars, of which 140 million US dollars were liquidated for long positions and 120 million US dollars for short positions, which is almost 50-50! In fact, the volatility today is not large. The Americans are on vacation. Are they all so impulsive in trading?

How to face losses in trading?

1. Admit mistakes:

Top traders are not afraid to admit mistakes. Admitting mistakes does not harm the self or self-esteem. They know that misjudgment is an inevitable phenomenon in the trading process. By admitting losses, they regain clear thinking and concentration. In fact, many injured people mentioned how to learn from losses. Phil Flynn even said "learn how to love small losses."

2. Exit:

Top traders will plan in advance the losses they are prepared to accept, and they have firm self-discipline to exit at the predetermined stop loss price. For Bernard Opedit, if the expected event does not happen, or the expected event has happened, he will exit. For Bill. For Lipschutz, if the loss exceeds the level he is willing to accept, he will exit. In other words, the exit position depends on a certain level of pain. Once the pain exceeds this level, it also means that he has exceeded his comfort level.

3. My experience:

I set the maximum loss for each transaction as good, that is, as long as the currency price falls below my defense level, unless it is a very sure bottom, I will admit the loss. Because my purchase price is very particular, the purchase requirement must not be trapped on the same day (95% success rate), so I have the opportunity to admit the loss early. The purchase price falling below 2,500 points is already a great failure for me. Usually it should be a rise after buying, or buying at the end of the trading day without being trapped. #山寨币走势展望