🔹 🎯🎯🎯 Stops and Takes — your protection and your profit
Without a stop — you are not a trader, but a casino player 🎰
And without a take — you will be sitting in profit... until it turns into a loss 😬
🎯 Stop-loss — this is the level at which you fix a loss if the market goes against you
💰 Take-profit — this is the point where you fix a profit
🔒 How to set stops:
At the local minimum or maximum
Outside an important level, not tight!
Never move a stop "in hope" — this is a bad habit
📈 How to set takes:
To the next level of resistance/support
Consider the profit : risk ratio — at least 2:1
Better to take less, but for sure
📌 Tip: the market is not a place for hopes. Plan your trade BEFORE entering, not during.
#stoploss #takeprofit #riskmanagement #tradingforbeginners #основитрейдингу