There is a saying that hits hard: "No one loves to lose, but you have to learn how to lose."

Anyone who has done several rounds of contracts understands - losing money is not an accident; it is the norm of trading.

What really drives people crazy is not the few points of stop-loss, but the fact that you haven't managed your position well. The amount of money lost on a single trade has exceeded the range you initially envisioned. At this point, panic and gambling instincts will both come to the surface.

So, the strategy must be thought out clearly before opening a position.
After opening a position, just execute according to the plan, and don't make last-minute changes—unless extreme market conditions deviate.

Why? Because once you hold a position, your judgment becomes subjective.

The signals of rising are magnified infinitely by you, while the signals of falling are selectively ignored by you.
This is human nature, and it is also the truth about the losses of most people.

The correct path should be like this:
Before placing an order, the logic must be solid, and the basis must be sufficient;
After opening an order, pay less attention to market sentiment and focus more on reviewing data and trends.

**Regarding order placement, I have four principles that I personally follow:**

1. **Basis for Opening Orders**: Based on technical analysis or clear signals, not relying on intuition to guess the direction.
2. **Stop Loss Line**: Set at key support or resistance levels, once set, do not change.
3. **Target Price**: Plan the take-profit range in advance, have confidence in your decision.
4. **Worst Case Scenario**: Use position size to cap the risk limit, ensuring you can afford the loss.

Many people like "open-ended profit-taking", thinking that they won't exit until the market has fully played out.
But the problem is that every market has an end.

The profits you can obtain will only be within the boundaries of your understanding.

The price has reached your expected range. If you don't take profits out of greed and wait for it to pull back, not only will you lose your profits, but you might also incur losses. That feeling of a "cooked duck flying away" is more painful than a direct loss.

So my approach is:
Release a portion in batches, or keep some in reserve for greater flexibility. However, profits within expectations must be secured.

As for the portion of the revenue that exceeds expectations?
That's called luck, not strength. Don't take it too seriously, and don't get addicted.