#美联储降息展望 Many trading newbies often choose lock-up positions as a hedging strategy when the market is extremely fearful. Today, I want to delve deep into the truth of this trading behavior.

A lock-up position may seem like a smart protection strategy on the surface, but in reality, it is a highly dangerous misconception in trading. The so-called lock-up position refers to simultaneously holding both long and short positions, so that regardless of how the market fluctuates, the losses on one side will be offset by the profits on the other, fixing the overall loss at the moment of the lock-up. This approach may appear to mitigate risk on the surface, but it actually conceals many problems.

First of all, the Lock-up Position is just a way to avoid problems rather than solve them. It does not address your losing position, it merely covers the original misjudgment with new trades. Although your losses are locked, they still exist in reality.

Secondly, the Lock-up Position numbs your risk awareness and delays necessary decision-making. In the trading field, the ability to recognize mistakes promptly and decisively cut losses is a valuable quality, while the Lock-up Position immerses you in the illusion of "no losses," causing you to miss the best moment for risk control.

Moreover, the lock-up position unintentionally increases your trading costs and psychological burden. Double the fees, double the psychological pressure; you need to simultaneously consider position management strategies in both directions: when to close long positions? When to close short positions? This is much more complex than managing a single direction position, and it's easy to fall into a vicious cycle of unlocking and locking again.

Lock-up Position will also cause you to lose the ability to follow market trends. The core of successful trading lies in profiting by following trends, while a Lock-up Position is equivalent to betting on two opposing directions at the same time, essentially declaring to the market: "I give up judging the trend". This directly eliminates the possibility of profiting by going with the trend.

The most frustrating part is the unlocking process. When you decide to unlock, you usually face two wrong choices: either closing profitable positions while keeping losing positions, such as after a price drop and rebound, you close the profitable short position but leave the losing long position (; or panicking and closing everything during severe market fluctuations, ultimately resulting in significant losses.

As a trader, it is essential to remember: the initial stop-loss is always the lowest cost and the most effective stop-loss strategy. Instead of locking up positions and deceiving oneself, it is better to face losses directly, stop losses in a timely manner, and preserve capital to wait for better trading opportunities.