#LUAN How to properly face losses, maintaining a steady mindset is the key to truly making money!
No one likes losing, but those who trade must learn how to lose.
Losses are part of trading and cannot be completely avoided.
The key lies in stop-loss; it's not the stop-loss that makes you lose control, but poor position management that leads to losses exceeding expectations, causing panic.
Before opening a position, there should be a clear strategy, and after opening, it should be executed mechanically.
Unless there is an absolutely deviating signal in the market, do not let emotions influence your decisions.
Once in a position, there will be expectations, and contrary signals will be weakened while positive signals will be amplified, making judgment less rational.
Before opening a position, four principles must be clear:
Basis for opening a position (technical signals)
Stop-loss line (support/resistance levels)
Expected target (take profit range)
Worst-case scenario (position management)
Regarding taking profit, do not leave all positions open for take profit. There will be a day when the market ends, and once expectations are met, it should be executed.
Greed will only cause you to miss take profit opportunities; once the price reverses, not only will the profit be lost, but you may also incur losses.
Taking profits in stages and keeping a core position will help maintain stable gains.
In summary, losses are unavoidable; controlling positions and executing rationally is the long-term strategy.
If you still don’t know how to proceed, follow me, stick with Old Zhang, no myths but stable profits without pressure; opportunities wait for no one, so if you want to get on board, do it now.
@老张趋势 #加密市场反弹