Essential Skills for Setting Stop Loss and Take Profit

In trading, the precise setting of stop loss and take profit directly determines your profit and loss as well as the effectiveness of risk management, which must be taken seriously.

From the illustration, once we receive an entry signal, we can adopt a breakout order strategy. The setting of stop loss is very important; we usually set the stop loss below the previous low, which acts like adding an 'insurance lock' to the trade. If the market does not perform as expected, the stop loss can effectively limit losses and help us avoid risks. Adhering to stop loss discipline is key to controlling risk.

As for the take profit position, we can set it above the previous high to ensure that when the price reaches the preset profit level, we can quickly lock in the gains. This setting is based on a detailed analysis of key price levels, allowing us to be more confident when facing market fluctuations.

However, the market changes rapidly, and the above suggestions are only for reference. In actual operations, friends must flexibly adjust according to their own thoughts and risk tolerance to better cope with market fluctuations. #本周高光时刻 #BTC重返10万 #Stripe稳定币账户