For big market orders, Wei Liangchen tells everyone that what we need to do is not to find various strategies to solve the trap every time we are trapped, but how to avoid being trapped. Wei Liangchen often says that timely stop loss is for this reason. Think about it, if you only make a wrong order and lose, you can continue trading the next order without causing a significant burden on our future profits. And our process and results of taking on orders will be completely different. Even if the correct order is given, it cannot be operated. If the market does not cooperate, the losses will only become more and more severe in the end. So Wei Liangchen often tells you to stop losses in a timely manner because of this, don't miss the next trade just because of one order. Real time recommendations for hedging, Wei Liangchen will provide the most suitable strategy based on your position, funds in the warehouse, and specific hedging points.
The entry point for investment relies on technical analysis, while the entry point relies on mentality,Position management and luck, while the emergence, maintenance, and expansion of profits rely on moving stop loss and take profit. Trading is a skill, an ability, not just knowledge! Just like driving or swimming, mastering this skill through theoretical research is not feasible. It can only be mastered through long-term and extensive practice. A person who studies various trading theories all day but lacks trading practice is as ridiculous as a person who reads swimming books all day but dares not go into the water.
One collaboration, lifelong friend! The above article is from the original work of Wei Liangchen. Investment carries risks, and caution is necessary when entering the industry.