The following are four experiences to avoid warehouse explosion:
Experience 1: Control positions reasonably. This is the first one, because only by controlling the position reasonably can you have a chance to make a stable profit, otherwise even if your account makes a profit, it will eventually fail. Generally, 5- 10% will be invested. If the funds in your account are only 100 USD, then your first order should not exceed one standard lot (100 oz), no matter how many or empty. The market is good. When the entry order is profitable, you can add 0.5 hand and one hand, and the position should not exceed 2 standard hands. On the contrary, if the entry order is a loss, don't increase the price against the market unless there are hundreds of millions of funds to support it. Similarly, for a $5,000 account, it is best to make a list of 0.5.
Experience 2: Set a stop loss before entering the market. Generally, 2-7 dollars is appropriate, or below the support point and above the resistance point. Why set a stop loss? Let me give you an example. There is such a customer in our company. He opened an account of $5,000. After two months, he did well. He never set a stop loss when making orders, which really turned many orders that should have been stopped into profits, earning more than 5,000 dollars at once and doubling his account. Later, in this wave of 64 1 market, the empty order resolutely did not set a stop loss, which lost him 1 10,000 dollars. No stop loss means that every time you make an order, your account may die.
Experience 3: Mind control. Strangely, some customers close their positions when they earn 1 to $2, and continue to hold them when they lose more than $20, so they are willing to lose money rather than make money. To know that a successful operator's correct rate may not reach 50%, but this is less than 50% of the profit opportunity, not only can earn back the loss, but also make some money.
Experience 4: trend order making. Some investors think that this market has fallen so much in one day that it should be the bottom, so they enter the market more than one, or think it should be the head, so they enter and sell. Usually the market will let these people down. Why? Because the market is not taken for granted, the market has its own laws. I have a trick before I enter the order. I see too much space in the market. After a small callback, I tend to enter the market to make orders. It is not feasible to chase up and kill down, but it is important to pay attention to skills.
The above are professional answers to your questions, and more relevant knowledge and market information can be paid attention to-Kaifu gold industry.