Follow the trend to enter trades, exit against the trend
When the momentum moves against the direction of your trades, exit to close your positions, not the other way around. The stop-loss mentioned above is a form of exiting against the trend, while the "reverse limit order" is even more of a pre-scheduled exit against the trend.
Here, "against the market" refers to a moment when the direction you wish to take contradicts the direction of your trades, also sacrificing relatively favorable price levels in favor of momentum. However, I find that many people do the opposite; when momentum is going well, they hastily close their positions. It seems that even if they can earn a little more, their home has no place to put the money, so they must "take profits." Such individuals often have a reversed futures mindset, and when they encounter losses, they will "let losses run." The correct approach is precisely to "cut losses" and "let profits run." In fact, they are the ones thinking in reverse! My reversal is merely against their approach, which is actually the correct direction for the market.
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#牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #BTC连续破新高，你看到多少？ $BTC $ETH $SOL
When the momentum moves against the direction of your trades, exit to close your positions, not the other way around. The stop-loss mentioned above is a form of exiting against the trend, while the "reverse limit order" is even more of a pre-scheduled exit against the trend.
Here, "against the market" refers to a moment when the direction you wish to take contradicts the direction of your trades, also sacrificing relatively favorable price levels in favor of momentum. However, I find that many people do the opposite; when momentum is going well, they hastily close their positions. It seems that even if they can earn a little more, their home has no place to put the money, so they must "take profits." Such individuals often have a reversed futures mindset, and when they encounter losses, they will "let losses run." The correct approach is precisely to "cut losses" and "let profits run." In fact, they are the ones thinking in reverse! My reversal is merely against their approach, which is actually the correct direction for the market.
If you want to learn more about cryptocurrency and get the latest cutting-edge information, click on my profile to follow me. I share trading techniques for contracts for free and provide daily price points.
#牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #BTC连续破新高，你看到多少？ $BTC $ETH $SOL