1Why is the lock damaged. If strict stop loss is possible, there is no need to take this step. Generally, orders are locked only when the following situations occur: one situation is when the market becomes unclear after placing an order and the direction cannot be determined. You can choose to lock the order; Another situation is when you have not set a stop loss and your account has already suffered significant losses, and you cannot bear to close the position. To prevent further losses or liquidation, you can also choose to lock the loss operation. After locking an order, an important operation is often forgotten, which is to add stop loss to orders with opposite analysis direction, and set it slightly higher2-3A point is swept back and forth to prevent excessive fluctuations before the real market goes out.
2How to solve the order. Dissolving an order means choosing the appropriate time to release the lock after the order is locked, that is, to close both orders separately. If you never close the position, although the account shows no loss, in addition to bearing the interest of overnight orders, your subsequent operations will also be affected.
Strictly speaking, lock in profit is not much different from lock in loss, the only difference is that when locking in an account, one account holds a loss and the other holds a profit. The suggestion is to lock in profits and take profits in a timely manner or follow up on mobile stop losses, because placing an additional order is not as good as placing an order after the market is clear.
Because locking in profits locks in profits, it is relatively easier to solve and causes much less psychological burden. Although it is said that, the principle of releasing an order is actually similar to that of releasing a loss order. Because the two want to achieve similar results, one is to reduce losses, and the other is to strive for maximum returns. There is a saying in investment: reducing losses is equivalent to gaining benefits.
The amount of wealth you can accumulate in your life does not depend on how much money you can earn, but on how you invest and manage your finances. Finding money from others is better than finding money from others. It is important to understand that money works for you, not for you.