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Volatile market conditions lead many to get caught in a back-and-forth trap.
Here are some tips on how to get out:
1. When your position is trapped, don't rush to cut losses. As long as you still have bullets, leave them there and watch if the market trend will change. Remember, as long as you haven't sold, losses are just temporary numbers.
2. Set a bottom line for yourself; if losses reach that point, decisively exit—this is called "stop-loss." Then wait for the market to improve, pull back to a good position, and then make a quick re-entry. Re-enter new positions to recover previous losses, and you might even make some extra profit.
3. If you're a short-term trader, speed is key—enter and exit quickly. When you see something off in the market, like a red light, hit the brakes immediately and sell all holdings. Don't hesitate or drag your feet, or you'll sink deeper. Remember, small losses are okay; preserving your principal is the key.
If you also want to profit in this kind of market, trying to learn on your own at the last minute is definitely too late. It's best to have someone guide you to get started quickly.