[Today's trading experience sharing]
Before I decide to open each order, I must have a clear [stop loss point] in my mind, and I will immediately set the stop loss point at the first moment of opening this order. For the stop profit point, I will have expectations, pressure ranges, and tracking batch stop profit ranges. But the stop loss point must be clear and firm, and cannot be vague. There must be a stop loss first, and then a stop profit. A trading order without a clear stop loss point is like a tree without roots. No matter how big the flame in your heart is, it can't burn.
People who have really done countless transactions will feel the same. You may miss out on profits because of setting stop losses many times, but after you review hundreds and thousands of times, you will find that it is the stop loss that [saves you from the water and fire]
You may feel like a hero in the clouds for a few days, and you can hit 3 times or 5 times, but at the end of the month, you will be blown up and return to zero because of not stopping the loss once. Those who toss and turn every day, like ants moving, like turtles racing, earn 3%-5% a day, and truly and steadily achieve a monthly turnover of more than 100% at the end of the month.
Who is a master, who is a newcomer, who is just bragging, just like the warmth and coldness of human nature, you know it in your heart.
The above, let us encourage each other.