Buy the more you fall, the more you buy with stop loss
$S&P 500 Index(.SPX.US$
Last time I mentioned that the premise of buying more as you fall is with a stop loss. I have reason to believe in Wolf King's trading theory. He has verified his theory through his more than ten years of trading experience. The following remarks are all self-summaries after watching the video as a newbie. Tadashi Takashi is welcome. Reject the spray. The spies are all right, so please take a detour. Thank you.
If you are preparing to go to the bottom on the left side, first your position must be smaller than 2 levels. Also, it requires a pyramid-style position opening. Instead of buying the entire 2-storey warehouse at once. Normally, the price for opening a position is a range price, not a specific point price. Choose when to enter based on everyone's risk appetite. Some people will enter the market at a higher point in the range, while others will choose to enter at a lower point in the range. Therefore, the price difference between the entry point and the stop loss point can be used to increase positions in a pyramid style.
Before entering the market, you need to consider where the stop loss point is. If your brokerage software supports setting a stop loss when buying, please set it when you buy. If not, be sure to close the stop-loss order as soon as possible after buying. I paid too much real money for it.
Because the shorter the time until you set a stop-loss order at the time of purchase, your settings are less affected by price factors. Otherwise, regardless of whether it rises or falls, you will be affected when you set a stop-loss order. This is human nature. Don't challenge humanity. There are so few people who can beat humanity; are you sure you're one of them?
Set a stop loss order. If the price is reached, stop the loss. Don't think more before stopping the loss; just execute it. I'll leave the summary to stop loss later. Follow the rules, not the emotions.
Last time I mentioned that the premise of buying more as you fall is with a stop loss. I have reason to believe in Wolf King's trading theory. He has verified his theory through his more than ten years of trading experience. The following remarks are all self-summaries after watching the video as a newbie. Tadashi Takashi is welcome. Reject the spray. The spies are all right, so please take a detour. Thank you.
If you are preparing to go to the bottom on the left side, first your position must be smaller than 2 levels. Also, it requires a pyramid-style position opening. Instead of buying the entire 2-storey warehouse at once. Normally, the price for opening a position is a range price, not a specific point price. Choose when to enter based on everyone's risk appetite. Some people will enter the market at a higher point in the range, while others will choose to enter at a lower point in the range. Therefore, the price difference between the entry point and the stop loss point can be used to increase positions in a pyramid style.
Before entering the market, you need to consider where the stop loss point is. If your brokerage software supports setting a stop loss when buying, please set it when you buy. If not, be sure to close the stop-loss order as soon as possible after buying. I paid too much real money for it.
Because the shorter the time until you set a stop-loss order at the time of purchase, your settings are less affected by price factors. Otherwise, regardless of whether it rises or falls, you will be affected when you set a stop-loss order. This is human nature. Don't challenge humanity. There are so few people who can beat humanity; are you sure you're one of them?
Set a stop loss order. If the price is reached, stop the loss. Don't think more before stopping the loss; just execute it. I'll leave the summary to stop loss later. Follow the rules, not the emotions.
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