How to lock an order for spot crude oil

The so-called lock order, as the name suggests, means locking the profit and loss of the transaction. When the market fluctuates, you do not want to suspend the transaction and in order to preserve the existing profits or avoid A two-way trading method carried out due to the expansion of losses, that is, holding two equal positions of long and short for the same investment target at the same time. Some people also interpret it as hedging.

The function of spot crude oil lock order is: 1. To prevent the current order in hand from losing money.

2. The direction of your order is correct, but there is currently a short-term adjustment.

There are two types of lock orders: lock loss orders and lock profit orders. In fact, I don’t recommend you to lock orders. Just set a strict stop loss or take profits in a timely manner. There is a saying: It is easy to lock the order but difficult to solve it. It is difficult to solve the order. It is more difficult than reaching the sky! This shows how difficult and troublesome it is to understand the order. If the unwinding operation is improper, a small loss is likely to turn into a big loss. Let’s talk about lock loss and lock profit respectively. Free consultation online Penguin: 2851291639 Verification code 1133

1. Locking profit: Strictly speaking, locking profit is not much different from locking loss. The only difference is that when the order is locked, the account holding status is one for loss and the other for loss. profit. My personal suggestion is that instead of locking in profits, it is better to take profits in time or follow up with a moving stop, because placing more orders is not as good as placing orders after the market becomes clear. Because profit locking locks in profits, it is relatively easier to solve and the psychological burden is much smaller. Although I say this, the principle of clearing orders is actually similar to that of clearing loss orders.

2. Lock loss: Generally, the order will be locked when the following situations occur: one situation is that the market becomes unclear after placing the order, and you can choose to lock the order when the direction cannot be judged; the other situation is: You have not set a stop loss, but you cannot bear to close the position when your account has already suffered a huge loss. In order to prevent greater losses or liquidation, you can also choose to lock the loss. After locking the order, there is often a very important operation that is forgotten, that is, it is best to add a stop loss to the order opposite to the analysis direction. You can set it slightly higher by 2-3 points, in order to prevent the market from fluctuating before the real market goes out. Too big and swept back and forth.

Issues that need to be paid attention to when locking orders for spot crude oil:

1) Customers must consider clearly before locking orders, whether it is necessary to lock orders, and how to release orders after locking orders. This is A very important question, you can’t just lock orders for a short time. After all, everyone invests to make a profit, and you can’t lock orders for a short time. As the saying goes, locking orders is easy, but solving orders is difficult! National Technical Exchange QQ Group: 346118183 Verification Code 1133

If you have not considered the issue of closing the order, do not lock the order. If you are worried that the market will develop in a direction that is not conducive to you, you can choose to close the position first.

2) Once you have locked the order, you should pay attention to the changes in the market at this time, and when to close the long or short order. Don’t think that everything will be fine if you lock the order. This is a wrong idea. Currency The difference in value between pairs and the overnight interest fee are your holding costs, so you must solve the problem of locking orders in time

3) My personal suggestion is to do as little as possible, or not to lock orders at all. After all, closing orders is a very difficult thing. Without a good mentality and judgment of the foreign exchange market, you will lose money whether your long or short orders appear at the end of the locked order

4 ) In trading, locking orders is a very undesirable behavior and is very unfavorable in the long run. Investors should understand the "lose the pawn to save the car" trading strategy when conducting transactions, try to control losses to the lowest level, and seek more profit opportunities.