A complete trading system, complete trading strategies, position management, stop loss, take profit, cut loss in the opposite direction in a timely manner, and minimize losses are the most important. Just like when we go to war, we need to consider our countermeasures in case of defeat before the battle, rather than being overconfident that we will definitely win. For everyone, you can never make money beyond your cognitive abilities, unless you rely on luck! But money earned by luck will eventually be lost by strength, and this is inevitable! Every penny you earn is a reflection of your understanding of the market!
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
A complete trading system, complete trading strategies, position management, stop loss, take profit, cut loss in the opposite direction in a timely manner, and minimize losses are the most important. Just like when we go to war, we need to consider our countermeasures in case of defeat before the battle, rather than being overconfident that we will definitely win. For everyone, you can never make money beyond your cognitive abilities, unless you rely on luck! But money earned by luck will eventually be lost by strength, and this is inevitable! Every penny you earn is a reflection of your understanding of the market!