๐๐๐๐ ๐๐๐๐ง ๐๐ข๐ฅ ๐ฌ๐ข๐จ ๐๐น๐ถ๐ฐ๐ธ ๐ง๐๐ผ ๐ ๐ ๐ฃ๐ถ๐ป๐ป๐ฒ๐ฑ ๐ฃ๐ผ๐๐๐ ๐๐ป๐ฑ ๐๐ฒ๐ ๐ฅ๐ฒ๐๐ฎ๐ฟ๐ฑ ๐จ๐ฝ๐ง๐ผ 10$ USD๐ฐ๐
Don't be greedy for small profits, don't be afraid of big losses
In the world of trading, there is a principle that is crucial: don't be greedy for small profits, don't be afraid of big losses.
Although these eight words are concise, they are quite challenging to put into practice. Take a transaction as an example. Suppose you opened an order at a price of 2W, and then the price quickly rose to 21,000. You chose to stop profit and gained 5% of the profit, and you were secretly happy. However, the market did not stop and continued to climb to 2.5W. At this time, although you made 5%, you missed the larger 50% increase, and you can't help but feel a little regretful.
Learning from the last lesson, you decided to make a lot of money next time and resolutely not stop profit. So, when the market returned to 2W again, you decisively opened an order, and the price rose to 21,000 again. You warned yourself that you must hold it this time to make a bigger profit. However, the market is always unpredictable, and the market suddenly pulled back to 2W, and even fell below this price to 19,500. Faced with this situation, you have to choose to stop loss.
Many people are entangled in this choice between small profits and big losses, as if they are trapped in an inextricable cycle. They want to grab every small profit, but are afraid of big losses, and often get nothing in the end.
So, is there a way to make profits in both large and small markets? The answer is no. We have to make a choice, and my personal choice is not to be greedy for small profits. Of course, I can't follow this principle 100%, just as people can't completely resist certain temptations. But I can share the correct trading concept. As for whether it can be truly practiced, it depends on everyone's cultivation and self-discipline.