Many traders only think about pursuing profits, neglecting risks and defensive strategies, always attacking without defending. In fact, to achieve profitability in trading, one must consider the balance between offense and defense, and be brave enough to make trade-offs.
When the market is unfavorable and the trend is not obvious, the best strategy is to defend. Control your own hands, avoid reckless trading, and don’t let impatience ruin your plans. However, when the trend is clear, the signals are strong, and the odds are in your favor, you should decisively strike and seize the opportunity.
After entering a position, if you find the trend unfavorable, you must cut losses based on technical standards in a timely manner to protect your capital. Never hold on stubbornly, getting stuck without stopping losses, allowing the losses to expand uncontrollably. When the order is profitable, you should firmly hold the position, expand profits as much as possible, and even consider adding to your position to amplify gains.
"Knowing when to stop leads to gains." The core of trading is the balance between offense and defense, with a structured approach to both; only in this way can one truly achieve stable profits.
In the past few days, I have been preparing for the upcoming divine orders!!!
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The unpredictable brings the unpredictable brings the unpredictable!!!
Important things are said three times!!!
