Things You Must Know When Facing Loss:

　　1: Love to Bottom/Top Fish, 20498864455 Whenever the market is at historical low/high prices, I feel overjoyed, and when it reaches low/high points, I start to set up positions. But what I didn’t expect is that since a price has already hit a historical new low/high, it is very likely that another new low/high will appear, leading to a loss for every attempt to catch it;

　　2: Unwilling to Cut Losses, often stems from a sense of luck, because sometimes I find that after cutting losses, the price comes back not long after, so next time I hold on to this hope. However, the consequences of not cutting losses are usually more severe large losses or liquidation, which is absolutely not feasible in long-term investment. "Cut losses short and let profits run" is indeed a timeless saying;

　　3: Afraid to Follow the Trend: Many friends have a fear of lows/highs, thinking that since prices have already fallen or risen, what if I chase the short/long and get trapped? In fact, the rise and fall has no necessary connection with the high or low price levels. Old Li believes that the key is in the "trend". Entering after an up/down trend has formed is very safe, and can yield huge short-term profits. This fear of lows or highs not only leads to missed profits but also results in the first point of bottom or top fishing, causing losses.