Today we are going to talk about stop-profit!

As the saying goes, the one who knows how to sell is the master.

Actually, it is simple to think about it. If you stop loss more times than you stop profit, then you are likely to lose money.

Most traders (not traders) often continue to fight when they lose 50,000 and close their positions when they make 1,500. Many people think that this is a manifestation of weak psychology, but it is not. If you still fight when you lose a lot of money, it means that you have no problem with your ability to withstand pressure.

Not knowing how to stop profit, or not being able to hold on to profitable orders, often comes from not knowing how to stop loss (it sounds a bit confusing, but don't worry, listen to me)

A: I opened a long order at 50,000, and my target was 60,000, but it fell to 47,000 right after I opened it, and there was no stop loss target, and then it fell to 45,000, 41,000, and after thinking for a long time, you said forget it, I will close it at 40,000, admit defeat, and then fortunately, the market warmed up and started to rise. It took about a few days for the price to rise from 43,000 to 50,000, and you breathed a sigh of relief, damn, I got my money back! The days of being stuck finally came to an end...

Then the market continued to rise, but it rose to 53, and then began to pull back, 53-52, 52-51500, you began to fear, damn, the days of being stuck are too uncomfortable, it feels like it will go to the beginning of 4 again, so, at 51000, you clicked to close the position and made a profit of 500 dollars (yes, 500 dollars, you are not wrong, your opening and closing fees plus the funding rate, you may not even make 500 dollars), as soon as you closed the position, the market began to rise, 55,000, 60,000, 65,000, and it was useless even if you broke your thigh.

This is a sad story, but I believe it happens every day