Let's talk about how to get out of a position

Sharing my experience:
There are three situations:

1. Being trapped at a high level
Two options: either wait for the market to rebound, seize the opportunity to exit quickly; or sell some at the high price to reduce your position.

Once the market sentiment shifts, the trapped orders should be stopped out immediately. Don't hesitate—make a reverse move, buy the opposite position, and recover some of the principal.

2. Being trapped at a middle price
First, don't rush, don't cut your losses immediately! The key is to see how the market develops. Once an opportunity appears, you can slightly reduce your position.
Then, based on the market trend and technical analysis, find a good time to add to your position and gradually recover the losses.

3. Being trapped at a low level
One word: wait!
Wait for the market to pull back, look for opportunities to get out, or reduce your position when the price is low.
When the market turns around, the trapped orders should be stopped out quickly—don't cling to them anymore.
Then, reverse your operations, buy the opposite, and try to recover the previous losses as much as possible.