How to change the habit of holding orders?
When it comes to holding orders, it is generally believed that holding orders is not a good habit, and there are many disadvantages to holding orders. But sometimes, holding on can bring surprises. But in principle, it is not recommended to hold orders. Although sometimes, you can hold on, it is good luck. If you are unlucky, holding orders often increases losses.
So how to avoid holding orders? A simple way is to set a stop loss when entering the market. After setting the stop loss, do not manually expand the stop loss. Generally, when entering the market, the stop loss is often set at some key positions. If these key positions are broken, it means that the direction of entry is likely to be wrong, so it is more reasonable to stop the position and exit. Another thing is to try not to make counter-trend orders. For example, when the upward trend reaches the key pressure level, it may encounter resistance and fall back, but it may also break through directly.
Then when it reaches the key pressure level, many people are used to doing a short position, doing a short-term short position that encounters resistance and falls back. If this kind of order cannot be run out, it is likely to become a holding order or even increase the position against the trend. Therefore, try not to make counter-trend orders. When the key position is reached, the previous trend orders can be exited, and then it may be more appropriate to wait and see. Because if you make a counter-trend order, you don’t know whether the market will continue, and if it continues, where will it stop.
