Position management is the true secret to success!

Don't simply think that position control

is just about controlling the size of your entry funds;

this is just the surface

The essence of position management is controlling your trading emotions.

Think about it: if you are fully invested and hit a daily limit down,

are you not immediately enraged by the market?

Can you still respond rationally?

Once opposing emotions come up, the situation spirals out of control.

The likelihood is that it will just be a mistake after mistake, deeper and deeper.

And think about it: if you have a 10% position and hit a daily limit down,

how serious is that?

If the position is not high and the fundamentals are not bad,

you might dare to continue playing along.

Even if you stop-loss, you won't be severely wounded.

Emotions won't plummet.

Emotions directly affect mindset,

mindset directly affects response,

and response directly affects results.

The secret to good position management

is summed up in one word: slow!

Cultivate the good habit of making decisions after 2:30 PM.

Whether the market is strong or not

is basically clear by 2:30 PM.

Most mistakes made in the market are related to rushing.

Slowing down can reduce the error rate by 90%.

Slow is fast!

Once you understand position management well and execute it well,

you will immediately feel the effects.

Moreover, your trading mindset will be vastly different from before.

Never think that only large funds need position management.

Don't find any excuses to refuse position management.

The essence of position management is risk management,

it's mindset management!

No technique can replace position management.

Position management is strategy; no technique can compare.

I've been trading for 10 years; these are my personal experiences.

I'm not trying to preach any great principles.

Once you get position management sorted out,

you will have truly entered the world of trading!

$ARC #巨鲸动向 $LIGHT #加密市场观察 $ICNT #美国非农数据超预期