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Today I reviewed some recent trades and would like to share some practical insights.
First, patience is essential from identifying the trading point to actually placing the order, as it directly affects the quality of the initial position. Good entry points often require waiting; rushing to open a position can easily lead to pitfalls. Second, setting take-profit levels at key points is crucial. As long as the trend hasn't reversed, you can continue to bet, but always reserve room for capital preservation. Never close a position at a loss during a pullback after realizing gains—that's a big taboo.
If the initial entry point isn't ideal, treat it as an intraday trade, set a take-profit target, and consider taking profits in batches. Maintain a mindset to avoid FOMO; when opportunities aren't visible, it's better to wait for high-position shorting opportunities rather than forcing low-position longs. Often, a day or two later, a new direction becomes clear.
Position management is also very important: heavy positions should be paired with tighter stop-losses, while lighter positions can withstand larger pullbacks at key levels. Keep an eye on the market charts; the market trend itself provides all the answers—you just need to learn to listen.