To unlock an order is to choose an appropriate time to release the lock after the order is locked, that is, to close the two orders separately. If the position is never closed, although the loss shown on the account remains unchanged, in addition to taking the overnight order In addition to the interest, your subsequent operations will also be affected. It is better to take profits in a timely manner or follow up with a trailing stop to lock in profits, because it is better to place an order after the market is clear.
Order lock, as the name implies, means to lock the profit and loss of the transaction. It is a two-way operation transaction method that does not want to suspend the transaction in the market fluctuation, but also in order to preserve the existing profit or avoid the expansion of the loss, that is to hold the same investment target at the same time. Buying long and shorting two equal positions is also interpreted as hedging.
In principle, it is not recommended for gold investors to lock orders, unless it is a novice investor who makes mistakes, and speculation in gold lock orders is a last resort. Usually, investors lock orders only to prevent the opening of the next day. If there are huge fluctuations in the market, it is necessary to find a relatively existing position and a more reasonable price to lock the risk before the close of the day.
There are two types of lock orders in gold trading : lock loss orders and lock profit orders. If the unloading operation is improper, the small loss is very likely to become a large loss.
- Lock damage
- Why lock loss? If you can strictly stop loss, there is no need to take this step. Generally, the order will be locked when the following situations occur: one situation is that the market becomes unclear after placing the order, and you can choose to lock the order when you cannot judge the direction; the other situation is that you have not set a stop loss, and your account has already lost money. When it is very large, you cannot bear to close the position. In order to prevent greater losses or liquidation, you can also choose to lock the loss. After the order is locked, a very important operation is often forgotten, that is, it is best to add a stop loss to the order in the opposite direction of the analysis, which can be set slightly higher by 2-3 points, in order to prevent fluctuations before the real market goes out Too large and swept back and forth.
There are two difficulties in how to solve the gold lock order, that is, the point and time of unlocking the order. At what point and when to cancel the order will directly affect the profit and loss of your account. To put it simply: the best point is to find a broken position, and the time must be when the direction of the market is clear. For ordinary investors, it may be very difficult to grasp the point and time. The following two methods are relatively simple, feasible and easy to master after practice.
Method 1: Solve the contrarian order first. The purpose of locking orders is to prevent losses, so when the market is clear, unwinding the contrarian orders means cutting off the source of losses. However, it should be noted that a contrarian order is not the same as a loss order. Another homeopathic single can choose the market to go almost flat.
Method 2: Solve the profit list first. This method chooses to take profit first, and another order can wait for a pullback or reversal before leveling. But the callback and reversal involve the issue of judging the timing. If another order fails to settle in time, it is likely to turn to the medium and long term.
- Lock profit
Strictly speaking, the lock profit is not much different from the lock loss. The only difference is that when the order is locked, one account is a loss and the other is a profit. Because Suoying locks profit, it is relatively easy to solve, and the burden on psychology is also much smaller. Although this is said, the principle of unwinding the order is actually similar to that of unwinding the loss order. Because the results they want to get are similar, one is to reduce losses, and the other is to maximize profits. There is a saying in investing: reducing losses equals gaining profits.