Many friends are curious about how I make trades, so today I will summarize a basic framework for everyone.
① First buy in 20%
② If I made a wrong trade and lose 10%, immediately stop loss, the amount lost is 2% of the total position. ③ If I made a correct trade and gain 10%, immediately increase the position by 20%, if it rises another 10%, increase the position by 20% again, and finally increase by 40% in the last move to maximize the gains, and as long as there is no loss of 10%, hold the position. Once it drops 10%, immediately liquidate the entire position.
The general idea is to minimize risk, similar to the king of speculation, Livermore. Of course, this is just a rough framework, and there will definitely be many uncertainties in practical implementation. Because the market is variable. I often execute this method during trading, and overall the results so far are quite good, but it’s not a hundred percent solution, just a way to reduce risk and improve profitability.
When trading, it’s essential to have a method; otherwise, you can only become a victim.
Friends who are currently confused and directionless in trading, comment and leave a message 111, this bull market will help you get rich.
