Beginner Trading Tips:
1. Set a daily stop-loss, which is the absolute stop-loss amount. Why? No explanation.
2. Set a daily profit target, which means exiting when a profit is reached. Why? No explanation.
3. If you hit the stop-loss or profit target, shut down and exit. Why? No explanation.
4. Stop-loss: Profit-target = 1:1, also no explanation.
5. Consistently repeat the above actions.
If you are still at a loss, don't ask me why?
—— Zhihu: Seabed Sand
