šš„ Account Liquidated? Hereās What You Should Know to Protect Yourself š„
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We all feel for those going through liquidation ā itās tough, but every painful moment is also a chance to learn and grow. If youāre serious about trading, you must master one golden rule:
š Always Use Stop Loss and Take Profit. No Excuses.
Why is it so important?
š» Stop Loss (SL):
Protects your capital. Itās like a seatbelt in a car crash ā you might not avoid impact, but youāll survive it. Without it, one bad trade can wipe your account.
š¢ Take Profit (TP):
Locks in gains before greed takes over. The market can reverse anytime ā donāt get caught dreaming of more when you should be securing profits.
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š Trading Without SL/TP is Gambling, Not Trading.
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A pro trader doesnāt just predict ā they plan.
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Risk management is more important than being right.
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Emotions kill accounts. Rules protect them.
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š Simple Risk Strategy to Follow:
1. Never risk more than 1ā3% of your capital in a single trade.
2. Set Stop Loss based on technical levels (not feelings).
3. Set Take Profit before entering ā know your exit.
4. Use alerts or bots if you canāt monitor 24/7.
5. Always ask yourself: āIf this goes against me, how much can I lose ā and can I live with that?ā
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š Repeat after me:
āNo trade is worth my whole account.ā
Stay smart. Stay protected. Trade with purpose.
ā A message from someone whoās been there and learned the hard way.
$CATI $ONG #MyCOSTrade #FreeSignalš„ #freesignalcrypto #MemeWatch2024