Took a wrong entry? Don’t worry and do DCA. This will eventually go up and we will have profit sooner or later. Hold on to it patiently and wait for it to rise back.
Open a small position and DCA several times if it drops down. Don’t invest everything you have on one go. Always hold back about 95 percent of your capital to do DCA.
If you’re at profit then increase position gradually and take profit whenever your instinct says to. Set SL at profit so you don’t lose if it crashes down.
Don’t worry if SL gets hit. Repeat the cycle n number of times and eventually you can close with profit even more than 1000 $ after increasing the size several times and SL doesn’t get hit.
Trade safe and be safu!
