Operational Precautions

1. All entry operations, whether long or short, the first thing to do upon entering is to set a stop loss.
2. For bottom-fishing strategies, you must enter at support or resistance levels, and the stop loss must be within 10-15 points. (You can have ideas, but you must have an operational plan ))
3. Learn to accept small losses to gain space for profit.
Any trade must include a stop loss; if you get stopped out, you won't incur large losses. We generally operate with 10% of the account. Even if this trade causes a 100% loss (which is also 10% of your account )), you still have 90% of your capital to start over.
People who don't set a stop loss, once caught in a position, their only idea is to add to the position. Adding to the position lowers the liquidation point of your account, and repeating this process until forced liquidation (lucky if you recover, but such luck can leave you with a false sense of security for future trades).
Why do some people choose not to set a stop loss? Because they've experienced a trade being stopped out just right. If they don't set a stop, they might still make a profit. They've even tested not setting a stop and holding onto the position to recover (this kind of luck only harms you, and can directly lead to wiping out your account in a single operation).