Don't shake your hands. This sudden drop is actually a test. Whether you can hold on depends on whether your stop-loss strategy is active!
My own stop-loss will follow the price down. For example, setting the stop-loss below the key moving average on the 4-hour chart or just below the previous support level.
Remember, the core of moving the stop-loss is to lock in profits and not let the money you've earned go back.
The market sentiment is weak right now. Position management is key to survival. A single position should not exceed 5%-10% of total capital, which is a prudent choice.
Don't operate chaotically in panic. Set up dynamic take-profit and stop-loss. Do you want to follow Lao Chen in accurately seizing market opportunities? Below is my chat room. If you want to follow, hit 1.
