Let me explain it to you in the simplest terms:


The entire trading process, from start to finish, is just these four steps, cycling repeatedly:
1. Waiting
When there are no opportunities or signals, do only one thing: wait.
This is the longest phase in trading.
2. Opening a position
When a signal appears and conditions are met, enter decisively.
This is a step in the execution system.
3. Stop loss
Admit when you're wrong, exit decisively, no holding, no gambling, no luck. This is
a step to preserve your life.
4. Take profit
If right, take it; when the time is right, close to let profits run.
This is the step to collect money,
After completing one cycle, return to waiting, and repeat.
So there's really no need to make it complicated:
Trading = waiting + opening a position + stop loss / take profit + waiting again
Just this cycle, for a lifetime.
See through human nature, do good trading.
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