Coin Circle Junyao: How to get rid of the anxiety of holding positions?
Most traders can understand the trend, but find it difficult to hold orders. This is because they are too anxious when holding a position. They want to make money but are afraid of losing money. They often target 1,000 points, but close the position as soon as the market starts, and only make 100 points. Slap on the thigh after missing a big profit.
How to solve position anxiety, let me talk about the three methods I have used.
1: Look less at the market, out of sight and out of mind. If you want to stabilize your mentality, the most effective way is to look less or even not at the market. You can use the alarm function on the software instead of watching the market. If the alarm does not sound, just let the market fluctuate on its own.
2: I set the trading system to swing trading, using a fixed profit-loss ratio. The holding time is relatively short. When it is fast, it comes out in one day, and when it is slow, it takes two or three days. Moreover, the profit-loss ratio is fixed and the stop-loss is fixed. There is no need to look at the market after placing an order. These two settings can reduce anxiety.
3: Control the position well and make the stop loss controllable. My trading system uses 1%-2% of the principal as the stop loss amount at a time. The maximum loss for each transaction is fixed. The worst result of the transaction is a loss of 1% or 2%. It is not a heavy position, so I have confidence. The more stable your mentality will be, the better you will be able to overcome anxiety.
Of the above three methods, you can choose the one that suits you and give it a try based on the specific conditions of your own trading system.
If you continue to work alone and can't find a direction, don't pay your tuition to the market. Junyao has many years of fighting experience, and here is the strategy you dream of. I will be waiting for you here in 2023, waiting for you to get along with me day and night, and waiting for you to fight back together.
I still say the same thing: If you win, I will dominate the world with you; if you lose, I will accompany you to make a comeback!