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💥Don't panic when your position is trapped! Quick guide to unlocking your position💥
1. Don't blindly cut losses
Markets have cycles of rise and fall, and opportunities may be just around the corner. If you have enough bullets, consider holding patiently; unrealized losses on paper do not equal actual losses. Avoid panicking and acting impulsively.
2. Strictly adhere to stop-loss lines
When reaching the stop-loss level, exit decisively to prevent losses from expanding. Wait for the market to stabilize and retrace before re-entering, turning losses into gains with new trades.
3. Short-term quick in and out
For short-term trading, keep a close eye on market movements. If the trend is wrong, close positions immediately. Exit with small losses decisively; risk control is always the top priority.
4. Diversify to hedge risks
Distribute your bullets across different assets and markets to reduce overall risk. Combine fundamental and technical analysis for in-depth judgment, accurately follow the trend rhythm.
🌟Summary
When your position is trapped, first stabilize your mindset. Emotional management is key to successful trading. Stick to your established strategy, avoid being disturbed by short-term fluctuations, and steadily take each step forward.
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