Use a protective stop
Advantages: Stop loss can avoid big losses and protect the principal.
Disadvantages: May lead to premature exit and miss out on subsequent profits.
self-discipline
Advantages: Strictly follow the plan to trade and increase the success rate.
Disadvantages: May be too mechanical and lack flexibility to respond to market changes.
Don't trade too frequently
Advantages: Reduce transaction costs and avoid impulsive transactions.
Disadvantage: Potential profit opportunities may be missed.
Avoid major incidents
Advantages: Avoid huge losses caused by unexpected events.
Disadvantages: You may miss opportunities brought about by market fluctuations.
Don't gamble
Advantages: Reduce transaction risks and protect capital.
Disadvantages: May limit high-risk, high-reward opportunities.
Set the maximum loss limit for the day
Advantages: Control losses and avoid emotional trading.
Disadvantages: It may lead to premature termination of trading and missed profit opportunities.
Trade reasonable positions
Advantages: risk control and stable trading.
Disadvantages: Low initial returns and requires patience.
Don’t add to your losses
Advantages: Avoid losses from expanding and protect principal.
Disadvantage: May miss the opportunity for bottom rebound.
Learn how to reduce losses
Advantages: Reduce risk and increase the probability of profit.
Disadvantages: Requires constant learning and adjustment of strategies.
Plan your trades
Advantages: Planned trading increases the success rate.
Disadvantages: May lack flexibility and be unable to respond to market changes.
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