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AERGO: Maximize Opportunities, Manage Risks Wisely
As explained in the previous post regarding long/buy entry positions, we understand that current data shows many traders experiencing liquidation on those positions. This can affect your psychological condition. Therefore, we advise to use this weekend wisely to relax, rather than rushing to chase losses.
We emphasize the importance of sound risk management. Use a risk of 1-5% of your capital and enter gradually. Avoid placing a large portion on a single position just to chase instant profits. Continue learning, reassess your trading strategies, and build a disciplined and focused trading mindset to support better decision-making without draining mental energy.
For those of you who have a long/buy position at lower levels, stay calm when facing market corrections. Focus on the initial strategy that has been designed and execute it with discipline.
Stay calm, manage risks, and trade wisely!