The results of the transactions can generally be divided into four categories: small loss, small profit, large loss, large profit.
What is the most important among these four outcomes? Avoiding significant losses; it may not allow you to make a lot of money, but it enables you to survive longer, which is the prerequisite for making big profits.
This requires you to: 1. Enter and exit in an orderly manner, not based on feelings. 2. Execute accurately, certain key prices must not be breached, and if breached, you must exit, without any illusions.
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.
#Trading Experience Trade-offs
The results of the transactions can generally be divided into four categories: small loss, small profit, large loss, large profit.
What is the most important among these four outcomes? Avoiding significant losses; it may not allow you to make a lot of money, but it enables you to survive longer, which is the prerequisite for making big profits.
This requires you to: 1. Enter and exit in an orderly manner, not based on feelings. 2. Execute accurately, certain key prices must not be breached, and if breached, you must exit, without any illusions.