What should beginner traders do when facing market fluctuations?
1. Make a clear plan: Before trading, make a clear trading plan, including entry point, exit point, stop loss position, and expected risks and returns. In this way, when the market fluctuates, you have a clear guideline and will not easily change your plan due to short-term market fluctuations.
2. Stay objective and rational: Don't bring personal emotions into trading. Market fluctuations are normal, don't let it affect your decision-making. Try to be objective and rational, and make decisions based on facts and data.
3. Control positions and risks: Reasonably control positions and risks to avoid huge losses due to one transaction. Reduce risks by diversifying investments, setting stop loss positions, etc., so that you can be more calm when facing market fluctuations
