In the short-term small wave band, if you are always too worried about the decline, you are often eager to stop profit too early, and you will be anxious when you see the continued rise after stopping profit. At this time, you must stay calm:
1. If you have time to watch the market in real time, find a low point between the intraday lowest point and the historical highest point to enter the market for a super short quick battle, that is, find a short long point in the 1H lower track and the 4H middle and lower track. If you find it troublesome, just wait for the next wave band to enter the market at a low long point. 1-2 orders a day is the best, and new low long opportunities will be born every 12 hours. If you enter the market too frequently, you must make a quick decision, because you are trading between the lowest and highest points of the day, and the amplitude is very limited, so your profit is limited. As long as the price leaves this range, you will be trapped.
2. When the market is in a sideways fluctuation and slow decline, that is, when it is not in a continuous decline, low long orders develop the habit of taking profits in batches and leaving tail positions. This tail position can generally be left at 10-15%. When the market is very good, 20% should be left after each small wave reaches the profit target. The purpose of tail position is to prevent the price from continuing to rise after exceeding your profit target, and then rebounding to a new high point so as to avoid missing out after taking profit too early or being trapped by the current price. In most regular market conditions, as long as you cover your position near the next support, it will basically not affect the cost average price, and it is easy to make a floating profit when the price rebounds. In order to avoid continuous decline, the tail position of each wave should be set with a break-even loss in time, and a floating stop profit can be used.