Steps to Perform Recovery

Losses in the trading business should not be allowed because it can consume all the capital they have. These losses need to be minimized by way of recovery. Recovery is a very important part of risk management to master, without being able to master risk management or perform a good recovery, it will be very difficult to survive long in the trading world. Because by doing recovery traders can reduce losses and can maximize profits and minimal return on investment. In the market no one can predict the price movement will go up or down. Therefore, traders must be able to recover when the market turns around so that there is no loss or loss in trading. There are 3 ways of recovery that can be used, namely:

Cut Loss

Cut loss is the action of closing a trader's position against the movement of market prices. Cut loss is used to limit the losses experienced so that they do not cause even greater losses.

Switch

In trading, market conditions do not always move according to what the trader has predicted. It is possible that the position will move up and down and make the trader suffer losses. So that traders can still benefit from this situation, what traders must do is switch.

Trading switching strategies are widely used by traders in winning the market and getting a lot of profits. The switching method is defined as the activity of making changes or changing directions by way of a closed position while it is still in a loss and then a new position is opened opposite of the closed position. It is simply a change of direction and start closing losing positions and opening new opposite positions in the hope of getting a big profit from the actions taken and beating existing losses from previously closed positions.

Averaging

In this way the trader does not close the trader's position that has been opened. Then even traders add to it by opening new positions in the same direction, namely open buy again.

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