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TAO take profit, Ether stop loss, woke up and saw it like this. Ether continued to 🈳, stop loss 2552.
In fact, what traders fear the most is looking at 2800 when the price goes up and 3000 when it goes down, while looking at 1800 during a downturn. For each trade, one should determine the stop loss point and estimate the potential loss beforehand. The market is constantly changing, and isn't it our job to manage our positions and stop losses, and then leave the rest to time?
A single trade or a few trades' profits and losses do not explain much, because there are countless trades that can be executed afterward. In fact, whether going long or going short is not the most important thing; how the money is lost is something everyone actually knows in their hearts. It's just a few points: ineffective losses from heavy positions, emotional trading, and holding onto positions without a stop loss.
I don't think there are any other issues. As long as trading discipline is followed, even if the direction is wrong, I find it normal to have a stop loss of 5 trades in a row. With the principal, anything is possible, isn't it?
Actually, what traders fear the most is looking at 2800 or 3000 when it rises, and looking at 1800 when it falls. For an order, one should think about where the stop loss will be when opening it, how much the loss might be. The market is changing; isn't it our job to control our position and stop loss and then leave it to time?