$PEOPLE tells us how to add positions to contracts
I have been following this coin for a long time. I used to be long on it, but then I suddenly thought it had risen enough, so I went short. As a result, I kept stopping losses and my position was liquidated.
I reflected on it late at night. If I stick to one method and always follow it, will the effect be better? Here are my reflections.
Step 1 Before buying, stick to one idea, go long or short, and don’t go back and forth.
The second step is to increase your position if you are right, and not increase your position if you are wrong, stop loss or hold on, and wait for the market to reverse.
The third step is when to sell after adding positions. 1. Sell before the profit is eaten up, after all, the capital is saved. 2. You can clear the position when you achieve your goal, after all, fish is the most delicious, and being too greedy will inevitably lead to poverty.
In this way, you can avoid 1. Entering the market with a full position and causing huge losses. 2. Making the wrong increase in position and causing losses or even liquidation. 3. If you are lucky, you can get ten times the coins.
Is this idea correct? Everyone is welcome to communicate with me.
