To open an order, you should choose the trial position + increase position method.
For example, if you plan to go long with 50,000 yuan, you can open 10% or 20% first. In fact, this is already a heavy position. If it is a currency-based position, the initial position with 20% margin is already 300%.
It is recommended that you choose 10% margin to open an order at the beginning.
The market has risen and it meets your expectations. You can open a position and increase your position. If you are wrong and stop loss, you will only lose 5% at a time.
Why do many people lose everything after making a mistake once? If you open an order with a full position leverage of 5 times, 10 times, or 20 times, you will lose everything if you make a mistake once.
Even if you are right, what about the next time, and the next time, there will always be a time when you will be wrong. It doesn’t matter how many times you were right before.
