Key Response Strategies After Entering a Trade
1. Control Trial and Error Costs
After entering a trade, the primary task is to minimize trial and error costs, which means setting reasonable stop-loss levels.
Once faced with a reverse market trend, the preset stop-loss can effectively limit the range of losses, minimizing the cost of trial and error.
2. Ensure Principal Safety
When the overall market trend reverses, even if a single trade itself does not show abnormalities, it is necessary to decisively exit to protect the principal.
When the broader market environment changes, individuals find it difficult to completely withstand risks; ensuring principal safety is paramount, and one can re-enter when the market warms up.
3. Lock in Reasonable Profits
If there are no drastic market fluctuations, follow your trading logic and hold positions until the trend reverses before exiting, thus securing reasonable profits.
This approach allows profits to continue accumulating while also enabling timely exits.
After entering a trade, repeatedly implementing these three measures will ensure a steady journey in trading.