Retail investors, do you know? I found that 99% of you have a common problem! That is, after buying a long order, once the price drops, you are reluctant to close the position, always thinking that it can rebound. Or, when the price of the currency is flying high, you don’t set a stop profit, and once the price drops slightly, you panic again and don’t know what to do. As a result, the price has been falling all the way, and you have seen your previous profits vanish into thin air and suffered heavy losses.
This kind of operation, I sincerely tell you, is not a long-term solution! Trading is not gambling. Not setting a stop loss is like driving without a seat belt. Sooner or later, something will happen. Real masters know how to stop losses in time when they make mistakes and start again. I am the same. Unless I have full confidence, I will not easily add investment. Before each transaction, I will set a clear stop loss point for myself, so that even if I make a mistake, I will not lose everything.
So, retail friends, every time I give you advice, I will emphasize the importance of stop loss. Trading is a marathon, not a 100-meter sprint. If you want to survive in the market for a long time, you really have to get rid of this bad habit. Remember, set a stop loss in advance, don't wait until the price drops and then regret not closing the position earlier! Come on, let's be smarter traders together!
If you keep losing money now and don't know what to do, you can click me to follow, click my avatar to find me at any time, just to increase the number of fans!
