🎈🎈🎈Today's Word Challenge on Binance
🔹 Today's Word: SQUARE 🔹
In the world of trading and competition within the Traders League, the term SQUARE is one of the fundamental concepts that every trader must understand well.
The term "Square" refers to the state in which a trader is free of any open trades, meaning they have closed all their positions in the market, whether at a profit or a loss.
This step is considered an important strategy when wanting to avoid market volatility or to evaluate past performance before entering again.
The ability to know when to "square your position" reflects a high awareness of risk management and emotional control.
Not every opportunity is worth the risk, and sometimes the best trade is to exit at the right time.
Understanding this concept distinguishes professional traders within any trading league, especially in a challenge like the Traders League.
So, are you "square" now? Or are you still in the battle? 😉
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