Knowing when to take profits is wisdom;
Knowing when to cut losses is experience;
Not knowing either is just paying tuition to the market.
📌 Short-term trading principles:
🎯 Keep stop losses below the starting point of the rise, set the SL level before opening a position;
🎯 Place take profits at key support/resistance levels, don’t be greedy and secure your gains.
Don’t fantasize about the ceiling, and don’t bet on the floor,
Those who know when to exit are the true players.
💡 Short-term strategies are not about blindly guessing the starting point of a rise,
It’s about using logic for high selling and low buying, watching the fluctuations, grasping the rhythm, and following the smart money.
