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Adjust strategy: Avoid blind trial and error, make necessary trading adjustments
If the market trend does not show significant changes after several stop-losses, then instead of blindly trying again, you should consider adjusting your strategy. The essence of trading is to revise your plan based on real-time market conditions, rather than rigidly sticking to an unchanged strategy. Continuously 'trial and error' often brings greater risks, while strategic adjustments can effectively mitigate risks and increase the probability of success.
Missed the first wave opportunity, how to evaluate subsequent follow-up trading chances?
Many traders often miss their first entry point during strong market rallies. At this time, anxious emotions can easily lead to impulsive trading. However, missing the initial move doesn't mean losing all opportunities. In a strong market, there may still be follow-up trading chances. The key is to calmly assess the current market situation instead of blindly chasing the trend.
Ways to evaluate subsequent opportunities: Trend continuation: Is the market's upward (or downward) trend still ongoing? If the trend is very strong, short-term pullbacks may just be normal price fluctuations. In such cases, traders can look for opportunities during the pullback to reduce the risk of buying at high prices.