Congratulations to trader who had bought on February for swing.
As you might already know in trading, risk management is very important.
It's easy to get carried away with the thrill of buying and selling, but if you're not careful, you can quickly lose all your hard-earned money.
That's why ๐ถ๐'๐ ๐ฒ๐ ๐๐ฟ๐ฒ๐บ๐ฒ๐น๐ ๐ฐ๐ฟ๐๐ฐ๐ถ๐ฎ๐น ๐๐ผ ๐ต๐ฎ๐๐ฒ ๐ฎ ๐ฝ๐น๐ฎ๐ป ๐ณ๐ผ๐ฟ ๐บ๐ฎ๐ป๐ฎ๐ด๐ถ๐ป๐ด ๐ฟ๐ถ๐๐ธ ๐ฎ๐ป๐ฑ ๐ธ๐ป๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ๐ป ๐๐ผ ๐ฐ๐๐ ๐๐ผ๐๐ฟ ๐น๐ผ๐๐๐ฒ๐.
When the market takes a turn for the worse, it's easy to convince yourself that things will turn around. However, sometimes, they don't.
Cutting losses may seem counterintuitive, but sometimes, the best way to make money, in the long run, is to take a loss in the short term whenever you are wrong.
๐ค ๐ง๐ต๐ฒ ๐ธ๐ฒ๐ ๐ถ๐ ๐๐ผ ๐ต๐ฎ๐๐ฒ ๐ฎ ๐๐ฒ๐น๐น-๐ฑ๐ฒ๐ณ๐ถ๐ป๐ฒ๐ฑ ๐ฒ๐ ๐ถ๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐ ๐ฏ๐ฒ๐ณ๐ผ๐ฟ๐ฒ ๐ฒ๐ป๐๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฎ ๐๐ฟ๐ฎ๐ฑ๐ฒ. ๐ค
By knowing when to cut losses, you can avoid devastating losses and stay in the game for the long run.
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