Take profit is as important as stop loss
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SENS is a medical technology company focused on developing and manufacturing long-term, implantable continuous blood sugar monitoring systems for diabetics. I have owned SENS since June 2021 until now, and I am optimistic about SENS products. Whether it rises or falls, it wants to make a profit when its next-generation products are approved.
On February 11, 2022, SENS received approval from the US Food and Drug Administration for the next generation Eversense E3CGM system. However, the stock price plummeted on the same day. Stocks that had been in business for a long time turned into losses, which really made people cry and laugh. Reflecting on the idea of operation, I realized that I still didn't establish a good operating system for stock profits, nor did I have a pre-formulated profit operation plan; of course, I didn't establish a take-profit or stop-loss plan. As a result, stocks that could have been profitable turned into losses. SENS also made me realize that being optimistic about a company doesn't mean holding at any cost; a good company is not necessarily a good investment target. Of course, we should even less follow the news to trade stocks; we imagine that the stock price will soar as soon as it is approved. Recently, the pace of the stock market has changed a lot. I also take this opportunity to continue to follow my mentor's reading notes channel over and over again to learn and understand the classic trading of Wall Street stock master Jesse Livermore to learn how to make an operation plan, why to hold, where to stop loss, where to take profit, and strictly implement the planned plan to avoid being punched in the face by the market. Generally speaking, it is easy for us to stop loss and cut meat, but it is more difficult to stop profit. However, to be able to actually make a stable profit in the stock market, take profit and stop loss are equally important.
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鐵腕阿童木 : Thank you for sharing. Who is your mentor? can you introduce me?
Jlbs94 : yes earn less better than loss money
Mr RayLiang : So amazing we have english speaker professionals in the group.![smiley 😃](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f603.png)
slshuzi : Excellent and strict compliance with trading discipline can go far.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
YN-7up :
The importance of stopping profit and loss
JackZ : Discipline
Freide : Sometimes stop loss is more important than stop profit, sometimes stop profit is more important than stop loss, next week, should stop profit or stop loss?... You'd better check the
frequency of the tubing.