In trading, learning to cut losses is the crucial first step, just as a thief must first learn to escape; it is a fundamental survival skill. The same applies to trading: we must first learn to protect ourselves before we can discuss anything else. The core of trading is to achieve small losses and large gains, that is, to cut losses promptly when making mistakes, and to hold firmly when we are right, allowing profits to run.
Predicting the market's correctness and gains or losses does not have a direct connection. The important thing is to exit the market with small losses when making mistakes, and to have the courage and patience to hold when making correct judgments, allowing profits to grow. This trading philosophy is something I gradually understood and practiced after experiencing significant losses, and it helped me ultimately achieve the transition from losses to profits. May these experiences assist you in your trading journey, enabling you to go further and walk alongside destiny.
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