If you don't do well, your multiple will lead to a terrible death. This time, I missed an opportunity to take profit, and now I'm facing a floating loss of 20%. You must set a stop loss line, and when it hits that stop loss, exit decisively.
Staying alive is the most important principle.
I repeated the same mistake again.
However, this time my reason is that I want to make a long-term position. It is incorrect to exit just because of a short-term profit drop of 30%, because I am looking at a weekly level decline, so I am still in a bearish state. Let's see how long I can hold out.