#Gate广场新手村第七期

For contract trading players, controlling profit and loss is crucial ⚠️⚠️⚠️
Stop-loss is key to controlling losses, while take-profit can lock in gains.
The crypto market is highly volatile and changes rapidly, with investors often facing extreme price swings and emotional interference. Controlling profits and losses is not only a risk avoidance tool but also an important factor for maintaining rational decision-making.
Many investors, during market fluctuations, tend to take profits too early or chase high and add positions due to short-term changes in profit and loss, ultimately deviating from their original strategy.
Setting clear stop-loss and target profit levels helps define a reasonable profit and loss range in advance, avoiding impulsive decisions. Controlling profit and loss is also an important way to optimize trading psychology.
Once the profit and loss boundaries are clearly defined for each trade, there is no need for repeated hesitation or regret. This rational approach reduces psychological pressure, enabling investors to focus on executing strategies and analyzing the market.