Eight things not to do in trading- 山城老刁民

Eight things not to do in trading

old troublemaker in mountain city

山城老刁民

First: Don't enter and leave the field indiscriminately. We are investors, not brokers, and we will only lose more if we spend more and more.

Second: Don't be priceless. Investors must have a price in their minds, and they must be aware of the ups and downs.

Third: Don't set a stop loss order, or pass the stop loss level in your heart, still have hope, and don't want to leave the market.

Fourth: Don't put the magnification ratio too high. Meaning, don't deposit $300 to speculate with $60,000. When the wind is high and the waves are rough, a boat carrying six people will sink more easily than a boat carrying one person.

Fifth: Don't do the boring action of locking positions. Locking positions is harmful to customers, but not beneficial. If you make a mistake, you should close your position.

Sixth: Before entering the market, do more analysis, look at the news on both sides, look at the chart; after entering the market, keep in touch with the market, and don't just look at the news that is beneficial to you just because you have chosen a good direction. As soon as there is a sign of trouble, it is best to close the position immediately.

Seventh: Don't be a bigot. Foreign exchange speculation sometimes depends on the wind and the rudder, so don't be old and stubborn. All kinds of market conditions belong to the market, that is to say, sometimes good news enters the market, and the market situation not only fails to do well, but falls instead. It means that your previous analysis is wrong, please make a decisive decision immediately, and don't be stubborn.

Eighth: Don't listen to the opinions of those so-called experts, we must think independently, don't copy what others say, and think carefully before placing an order.

Last updated: 09/14/2023 19:38

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