š„Trade Discipline: How Much Profit Is Enough to Exit a Tradeā
Everyone shares signals. Everyone shares motivational quotes.
But very few talk about disciplineāand thatās the real key to consistent trading success.
Letās get real for a moment:
What does āenoughā profit mean to you in a trade?
You've probably heard me say this beforeābefore you enter any trade, you must be clear on three things:
1. Whatās my entry point?
2. Whatās my DCA (Dollar Cost Average) strategy?
3. Whatās my profit target?
The third pointāyour profit targetāis where most traders lose their edge.
Hereās a familiar story:
You enter a trade ā it turns green ā you donāt book profits ā it goes even greener ā you still hold (dreaming of a 10x š) ā and then⦠it turns red. Now youāre just praying to break even. š
Tell me in the comments if Iām wrong!
Why does this happen? Simple: You didnāt plan your exit.
Youāve seen me post screenshots saying things like, āBooked now. Let it go wherever it wants.ā
Thatās my discipline. Thatās what āenoughā looks like to me.
Let me help you build a simple, effective system:
If your first entry goes green by 9ā10%ābook profits. No overthinking. Done.
If it goes redāgreat! DCA around 15ā20% lower (as planned). Once the average is set, sell your DCA portion at your average cost to free up capital and lower your overall risk.
Whatās the result?
Your average entry improves, your profit potential increases, and you now have capital ready if the market dips again. Your TP (take profit) remains the sameābut your gains get a boost.
10% is more than enough.
And if your portfolio is over $3,000āeven 5% on an initial entry is solid.
One trade hits your TP? You exit. Period.
If you consistently secure 10% on each trade, you can double your capital in 10 successful trades. Yesādouble it.
#CryptoDiscipline #DCAstrategy #TakeProfitWisely #TradingMindset