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preface:
The way of trading is that the hard are easy to break, and the weak in the world are like water, but the best is like water. Success is equivalent to small losses, plus profits of all sizes, accumulated multiple times. It is easy to avoid major losses, with survival as the first principle. When there is a danger of hindering this principle, abandon all other principles. In trading, there will always be unexpected things that will cause you to incur losses. The simplest way to determine whether a stop loss is needed is to ask yourself a question: Assuming you haven't established a position yet, are you still willing to buy at this price. If the answer is no, sell immediately without hesitation. Opposing the trend is the beginning of failure, and one should not confront the market or attempt to defeat it. There is no need to be smarter than the market. When a trend comes, it should be followed, and when there is no trend, it should be observed and quiet.