There are opportunities to make money whether the market rises or falls. If you incur too many losses, you will understand the importance of watching and refraining from frequent trading. Get on board only at suitable points. Open orders with stop loss; do not move the stop loss. If you hit the stop loss, that trade is over, indicating the direction was wrong. If you are lucky and think it will come back, what will you do when facing a one-sided market? You will endure it until you cry. Control your hands, resist greed, and do not think 'what if.' Rational analysis combined with techniques is necessary to become a qualified trader. Do not fear losses; what you should fear is not learning to grow amid infinite losses.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
There are opportunities to make money whether the market rises or falls. If you incur too many losses, you will understand the importance of watching and refraining from frequent trading. Get on board only at suitable points. Open orders with stop loss; do not move the stop loss. If you hit the stop loss, that trade is over, indicating the direction was wrong. If you are lucky and think it will come back, what will you do when facing a one-sided market? You will endure it until you cry. Control your hands, resist greed, and do not think 'what if.' Rational analysis combined with techniques is necessary to become a qualified trader. Do not fear losses; what you should fear is not learning to grow amid infinite losses.