How to correctly set stop loss and take profit in crude oil? How to set stop loss point for crude oil trading?

How to correctly set stop loss and take profit in crude oil? How to set stop loss point for crude oil trading? Please see the following report for specific details.
1. Regular stop loss means that when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or the loss stopped immediately. The market is always fluctuating, and there are opportunities all the time. Orders are not always shouted. The reason is that before we make a transaction, when we have identified a certain position, we also need to refer to whether the stop loss position is easy to set and how much profit margin can be grasped. , whether it has played a role in using small things to make big things happen. This requires judgment on important points. When we go long at a certain support level, the stop loss can be placed below the next support level. In the same way, if we go short at a certain resistance level, the stop loss can be placed above the previous resistance level.
2. Auxiliary stop loss. Commonly used in practice are the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, and tangent support stop loss. , moving average stop loss, cost moving average stop loss, Bollinger Band stop loss, fluctuation stop loss, line combination stop loss, chip intensive area stop loss, (counter-trend operation) stop loss, etc. Investors should make judgments based on their own risk tolerance and choose a stop-loss method that suits them.
The size of the stop loss: It can be set based on the resistance and support in the stop loss point mentioned above. The size of the stop loss mentioned here should be set more based on the profit margin. This is to use small to make big, when we When the profit margin can only be seen - 3 points, the stop loss can be controlled at about 3 points. For medium and long-term trading, the stop loss point can be appropriately enlarged. When the profit point is more than 3 points, the stop loss can be set to more than 3 points. . Of course, the more reference factors for the size of stop loss are resistance and support.
Several principles for setting stop loss points for crude oil speculation:
Once the stop loss point is set, it is not recommended to change it frequently unless necessary. It should be implemented decisively. Stop loss is actually the prerequisite and guarantee for profit
/> . The stop loss point should be set before each transaction
The stop loss point can be changed flexibly, but it must not be changed overnight
Before setting the stop loss point, the current overall trend must be considered. Basis
The above is the relevant content on how to correctly set stop loss and take profit for crude oil
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