These two days have really caused a lot of people to suffer, as prices fell by 10% yesterday and rose by 10% today. Trading is really difficult, very difficult. Many people have incurred significant losses because they do not know when the market will come to a one-way trend and when there will be volatility.
Currently, the position I have is a sell at an average price of 2935, with a stop loss set at 3150. If the price really rises to 3150, I will have to admit defeat, especially since the daily rise is 500 points without any correction. But if the stop loss is not triggered, I should stick to my approach. In trading, I either come out with profits or exit at the stop loss point. I cannot preemptively stop my loss out of fear of losing more. Many people incur significant losses due to increased trading volume, and if they do not stop their losses, they face the risk of liquidation. But at least, I believe that in trading, a stop loss of 10% should be acceptable for everyone in such unusual circumstances. My brothers who follow me here, as long as there are requests, I will not sleep, you can rest assured 100%. I have also seen many applicants, and most of them have incurred significant losses. You must have a balance between knowledge and action when trading, when you reach the stop-loss point, acknowledge defeat, and if you do not reach it, you cannot give up. #BTC #ETH
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These two days have really caused a lot of people to suffer, as prices fell by 10% yesterday and rose by 10% today. Trading is really difficult, very difficult. Many people have incurred significant losses because they do not know when the market will come to a one-way trend and when there will be volatility.
Currently, the position I have is a sell at an average price of 2935, with a stop loss set at 3150. If the price really rises to 3150, I will have to admit defeat, especially since the daily rise is 500 points without any correction. But if the stop loss is not triggered, I should stick to my approach. In trading, I either come out with profits or exit at the stop loss point. I cannot preemptively stop my loss out of fear of losing more. Many people incur significant losses due to increased trading volume, and if they do not stop their losses, they face the risk of liquidation. But at least, I believe that in trading, a stop loss of 10% should be acceptable for everyone in such unusual circumstances.
My brothers who follow me here, as long as there are requests, I will not sleep, you can rest assured 100%. I have also seen many applicants, and most of them have incurred significant losses.
You must have a balance between knowledge and action when trading, when you reach the stop-loss point, acknowledge defeat, and if you do not reach it, you cannot give up. #BTC #ETH