Recently, a few friends have often mentioned that they were trapped again, or were unfortunately liquidated. I would like to share my personal views here for reference only.

When doing transactions, you must first learn to accept small losses. Wrong orders must be dealt with as soon as possible, otherwise they may turn into huge losses. You must learn to admit defeat, accept effective losses, and have awe of the market. If you make a mistake, To stop is to wait and see, or shut down and adjust the state. If you do this, and you have a certain trading foundation, the loss will be made up for quickly. In fact, our stop loss in many cases represents risk control, not risk control. The disappearance of the representative position may be short-lived when the market trend is contrary to your judgment, but what you must do is to control the risk first, clear your position and wait for the next opportunity that is consistent with your point of view.