Follow the trend to enter positions, exit positions against the trend
When the momentum goes against the direction of your positions, you should exit and settle, rather than the opposite. The stop loss mentioned above is a type of exit against the trend, and a "reverse limit order" is even more a pre-order against the trend.
Here, "market reversal" refers to the moment when the direction of your positions goes against what you hope for, also when choosing to give up a relatively favorable price level in favor of momentum. However, I find that many people do the opposite, they hastily exit when the momentum is doing well. It seems that if they earn a little more, there will be no place to put the money at home, so they must "take profits." Such people, due to their inverted futures thinking, often "let losses" when they encounter losses. The correct approach is precisely to "stop losses" and "take profits." In fact, they are the ones thinking in reverse! My reversal is just against theirs, for the market, it is the correct way.
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#牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #BTC连续破新高，你看到多少？ $BTC $ETH $SOL
When the momentum goes against the direction of your positions, you should exit and settle, rather than the opposite. The stop loss mentioned above is a type of exit against the trend, and a "reverse limit order" is even more a pre-order against the trend.
Here, "market reversal" refers to the moment when the direction of your positions goes against what you hope for, also when choosing to give up a relatively favorable price level in favor of momentum. However, I find that many people do the opposite, they hastily exit when the momentum is doing well. It seems that if they earn a little more, there will be no place to put the money at home, so they must "take profits." Such people, due to their inverted futures thinking, often "let losses" when they encounter losses. The correct approach is precisely to "stop losses" and "take profits." In fact, they are the ones thinking in reverse! My reversal is just against theirs, for the market, it is the correct way.
If you want to learn more about cryptocurrency-related knowledge and cutting-edge information, click on the avatar to follow me. Contract trading skills are shared for free, daily providing price points.
#牛回速归，晒晒你的持仓？ #DOGE看涨情绪飙升 #BTC连续破新高，你看到多少？ $BTC $ETH $SOL