Post
Topic
Board Trading Discussion
Re: Should trades be closed only when the market is bullish?
by
dzungmobile
on 27/03/2024, 10:25:31 UTC
Trading is something that can't be done without enough knowledge and one can't expect to start trading and earning profits without even analysing the market and possible opportunities no matter what market conditions are.
Trading is risky and if a trader can not control risk well enough and don't have plans to enter and exit the market with detailed plans and do it with good discipline, loss will come.

A trading position should be opened only if a trader see chance to get profit is bigger than chance to get loss, and with another important condition, there is a defined cut-loss price.

If a trader opens a position without a cut-loss price, it is terrible. At least he must know about a cut-loss price for that position and try to execute it with good discipline.