Trading Loss Continues? Here's how to solve it
Trading always has two components, namely profit (profit) and loss (loss). Whatever a trader does or uses any strategy will always meet with profit and loss. Many traders experience losses due to lack of knowledge in trading, bad psychology, good money management etc. But don't worry, loss can be overcome in various ways. Here's how to deal with trading losses:
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
This action is similar to a cut loss, but the difference is that after closing a losing trader's position, the trader opens a new position in the same direction as the market price movement.
Averaging
In this way the trader does not close the trader's position that has been opened. Then the trader adds to it by opening a new position in the same direction, namely open buy again.
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