Stop loss is to control the loss within a certain range. For example, breaking the pressure line, K-line combination, psychological price, integer mark, a certain degree of loss, such as 5%, and so on.

This is not the stock market. If you choose the wrong trend, you must stop. You can completely re-select the trend. If the entry time is not good, you can also re-select the entry time and place an order near the pressure line. The risk is relatively good and the defense space is good.

Take profit is generally ignored, but it is also very important. Don't shy away. Floating surplus is not your actual capital, but your own capital. For Buffett, the annual return on investment is around 30%, and the average annual profit rate of enterprises is 8%-20%. Don't expect multiple returns. To meet the psychological requirements, you can gradually open positions, which will effectively retain profits.

Finally, there is a cliche mentality that you can't eat a fat man and invest steadily.