Many people enter because they know that this market can make people rich, but if you don't know these five things, you will only be ruthlessly harvested by the market.
First: When all the analysis of the market and retail investors are firm that the market will go in a certain direction, you need to be vigilant, don't follow blindly, always believe that the truth is often in the hands of a few people, follow the "Eighty-Twenty" rule in the market, and keep a calm head.
Second: Understand the importance of stop loss. No one can guarantee that every transaction is profitable, so when the direction is wrongly judged, you must stop the loss in time. Sometimes a small loss can be considered a profit. A real master has the courage to face himself If you make a mistake, you can keep your principal to have a chance to come back..
Third: Understand the importance of stop profit, never think about earning the last copper plate in the market, because the market is changing rapidly, only the money earned in your own pocket is real, otherwise it is just a jumping number.
Fourth: Don't enter the market against the trend. When the overall market trend is one-sided, you can choose to wait and see if you don't enter the market ahead of time. Don't choose to go against the trend or enter the market forcefully. You know, the market will happen every day, you only need to catch one or two waves, and entering the market at an inappropriate time will only make you passive.
Fifth: Don’t treat trading as a gamble, and don’t take heavy positions. I personally recommend keeping the position at one-third to better resist risks. Blindly increasing your position will only make your situation more passive.
Each of the above points needs to be experienced slowly. If you can strictly implement them, then congratulations, you are considered an entry-level trader, but if you still want to continue to advance, there is still a long way to go. In addition to analyzing the market, I will also share more trading experience with my friends.
If you encounter any problems in the current transaction, you can leave me a message at any time, and I will reply to you. Thank you for your attention and let us make progress together
