In a short-term wave segment, if you are always too worried about a decline and eager to take profits too early, you may feel anxious when you see continued rises after taking profits. At this time, you need to remain calm:
1. If you have time to monitor the market in real-time, look for low points to enter between the intraday low and the historical high for a quick trade, specifically finding short-long points at the 1H lower band and 4H middle-lower band. If you find it troublesome, just wait for the next wave's low long point to enter. One to two trades a day is best, as new low-long opportunities arise every 12 hours. If you enter too frequently, you must execute quickly because you are trading between the day's lowest and highest points, which has very limited amplitude and thus limited profits. As soon as the price leaves this range, you will be trapped.
2. When the market is in a sideways range or a slow decline, meaning it is not in a continued downtrend, develop the habit of taking profits in batches and leaving a trailing position for low-long orders. This trailing position can generally be kept at 10-15%. When the market is good, after each small wave reaches the profit target, aim to leave 20%. The trailing position is to guard against continued rises after exceeding your profit target, allowing for chasing higher points on rebounds to avoid being left empty-handed after early profit-taking or being briefly trapped by a direct price drop. Keeping a trailing position in most conventional market conditions, as long as you add to your position near the next support, will not significantly affect your average cost price, and rebounds will easily yield floating profits. To avoid consecutive drops, set a breakeven stop-loss for each wave's trailing position and use a floating take profit.