After entering a trade, the next step is to deal with and manage the market. If you do these 3 things well, your trading will have no major problems.

The first thing is to minimize trial and error costs; simply put, this means setting a stop-loss level. By setting a stop-loss, even if you encounter an opposing market, your trial and error cost, which is defined by your set position, can help minimize losses;

The second thing is to protect your principal. This is a measure in response to a significant change in the overall market when an opposing trend occurs. At this point, even if there is no problem with the trade itself, the overall market environment has changed, so you must take measures to exit. Because the environment has changed, it is very difficult to remain unaffected. Protecting your principal is especially important; even if the market recovers later, you can re-enter the trade. The safety of your principal comes first.

The third thing is to protect your profits. If none of the aforementioned significant changes in the market occur, then hold according to your own logical rules. Wait until the situation reverses before exiting to achieve the most reasonable profit, noting that it is the most reasonable, not the highest. Doing this allows profits to run while also enabling a reasonable exit.

These are the 3 things you need to do after entering a trade. By repeating these actions, you can achieve a high probability of stable profits, provided that you have an excellent set of trading rules.