Remember these, you can avoid some detours in the currency circle!
Covering a position is to reduce losses, not to make big money
When you are trapped, don't expect to rebound to get back your investment, that's asking for trouble.
The core purpose of covering a position is to reduce losses, don't be blinded by temporary lock-in.
Calm judgment and rational operation are the kingly way.
There are often storms behind the calm, don't be confused by appearances
The market seems stable, but it actually hides risks. Remember: There must be a callback when the rise is big, and be vigilant when the K-line draws a triangle. If it rises too much, it will naturally callback, so don't take over at a high position.
There are tricks to buying and selling: buy on the Yin line and sell on the Yang line
Buy bravely when others are panicking, and sell decisively when others are crazy. This is the secret of the master's counter-market operation.
Remember: Don't sell if you don't rush high, don't buy if you don't dive, and never take action when it goes sideways.
Pay attention to the resistance level in the rise and the support level in the fall to avoid going with the flow.
Full positions are taboo, flexibility is the key
The currency market is ever-changing, and position management is crucial. Only by leaving room can you calmly deal with various emergencies.
Keep a steady mind and stay away from greed and fear
Chasing up and down will only make you lose more and more. The market is changing rapidly, only by keeping calm and making rational decisions can you be invincible in the currency circle.
Only by steady operation and rational investment can you truly control the persimmon market!