The topic of duvet covers

Investors doforeign exchangeBuying and selling, operational errors are very normal. Being trapped after buying is something that every investor will encounter. After all, we are human beings, not gods. No matter how high-level investors are, even foreign exchange experts may make mistakes at times. Investors must have a correct attitude towards operational errors, neither fearing nor letting them go.

Of course, while constantly summarizing and improving our trading skills, we should also accept mistakes calmly. We should respect the market and face reality, after all, we still need to climb and roll in this market, often summarizing successful experiences and lessons from failures, which is very beneficial for our future operations.

The key is that after making mistakes, we should be more rational and make the right decisions in the following operations, and not make the same mistakes again. Among the investor friends I know, there is a strange thinking circle: this currency has already fallen so much, can it still fall? It's time for a rebound, buy some and give it a try. Someone I know has been trapped in a high position. If I want to buy now, it will be much cheaper than what he bought. By the time he unlocks the trap, I will have already made a profit. When will I buy if I don't buy now? There are other more peculiar ideas and so on, which are very wrong and dangerous.

So when investors buy, they must have correct judgment and objective basis. We buy currency to make money, not because it is cheaper, or because the current price is cheaper than others. It should be because this currency is about to rise and can bring us profits before we buy it. Doing foreign exchange trading is different from buying daily necessities. Buying daily necessities is for use, while buying currency is for appreciation and profit, right? So investors should have corresponding operational strategies under different market conditions.

I often receive letters from investors, in which they always ask various questions, but the most frequently asked question is about the position covers in hand. What should I do next? Trapping is indeed a very tricky problem, and the fact is that if the cabin in hand is profitable, it is naturally easy to handle. Regardless of whether the closing position is good or bad, it is ultimately a profit, but it is a matter of earning more and earning less. If trapped, trouble will naturally arise.

To be honest, every time I receive emails asking investors for help after being trapped, I feel really embarrassed, after all, it's a loss. I always wonder, how can I buy at this position? There is no reason to buy at this position. Although the title of our chapter is?quot;What to do after an operational error"? But I still have to say, why not solve the problem at the moment of buying? Why is it only after being trapped in an operational error that one realizes? It seems that we invest in foreign exchange trading just to buy a set. Although the words may not sound good, there are indeed some investors who make the same mistakes frequently and may not necessarily wake up. In the investment activities of these investors, they constantly repeat buying - being trapped --Waiting for unlocking - buy again-The vicious cycle of being trapped again.

After saying so much, what should I do after making an operational mistake? I would like to explain from the following three aspects.

The first step is to handle the following based on the position in hand:
　　1、 Mildly trapped investors can use the rebound market to unwind and exit, or reduce their positions when the market rises;
　　2、 Investors who hold onto high positions can also take the initiative in psychological and financial aspects in the next wave of the market by reducing their positions at high points.

The second is to handle the following based on the technical status of the purchased currency:
　　1、 If the purchased currency is at a high level when trapped, it must immediately stop losing.
　　2、 If the currency being purchased is in the middle position, you can temporarily wait and see based on the situation at that time, in order to unwind and leave the market or reduce losses when the position is high.
　　3、 If the currency being purchased is at a low level, there is no need to rush to stop the loss. After the currency being purchased stabilizes due to a decline, one should dare to replenish positions at a low level in important support positions, dilute costs, and rescue positions held at a high level in the subsequent rebound market.

The third approach is to handle the following based on the trend status of the purchased currency:
　　1、 If the currency being purchased is in an upward trend, there is no need to stop loss. Patiently holding it for a period of time will inevitably lead to the unwinding of the position, and there may even be a possibility of significant profits.
　　2、 If the currency being purchased is in a balanced and volatile trend, there is no need to immediately stop losing. Be patient and wait for the currency to enter a high level of the volatility cycle. Once the situation is resolved or the loss is minimal, you should decisively exit the market.
　　3、 If the currency being purchased is in a downward trend, once it is confirmed that the downward trend has formed, the loss should be stopped immediately, and one should not be worried about gains or losses and have illusions. Any hesitation or hesitation can lead to a deep trap that is difficult to extricate oneself from.

In my experience, when it comes to reducing or closing positions after being trapped, investors must be decisive in their actions, especially in a downward trend. Many investors have this kind of operational experience. After being trapped, they hope to get rid of it every day. Finally, when they get rid of it one day, they become unwilling: I have been holding it for so many days, how can I still make some money. As a result, the best opportunity to close the position was missed, and when the market entered a downturn again, it was once again trapped. In the end, he was completely hopeless, lost confidence, and cut out. This is the most taboo in a downward trend.

After being trapped, no matter how it is handled, it is a passive operation. While unlocking the trap is a fundamental skill that investors must master, investors should focus more on improving their analytical skills and buying and selling skills before being trapped, try to reduce the number of times they are trapped, and always occupy the initiative of funds and mentality. This is the most important thing

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