99% of people lose money because they don't understand this trading iron rule!
Friends in the crypto trenches, have you ever had the experience of waking up to find all your earnings have dropped back down, or even worse, you've lost money?
Or seeing the market booming, feeling greedy to earn a bit more, and then a pullback takes you back to square one?
Today, let's talk about two magical tools that can cure your "trading syndromes": Stop-Loss Order & Take-Profit Order!
🤔️ What are these two? Simply put, they are your "automated insurance" for trading:
Stop-Loss Order (Stop-Loss) 🛑 → Your [Risk Safety Belt] sets a maximum loss price that you can tolerate. Once the price drops to this level, the system will automatically sell for you, preventing losses from expanding infinitely! Protecting your principal is more important than anything else!
Take-Profit Order (Take-Profit) ✅ → Your [Profit Harvester] sets a profit price based on your psychological expectations. Once the price rises to this level, the system will automatically sell for you, safely putting the earned money into your pocket! Reject greed and secure your gains!
Why must you use them?
💥 Counteract extreme volatility: The crypto market trades 24/7, and a single needle can change beliefs. With these, you’ll have the confidence.
😴 Sleep soundly: No more waking up at 3 AM to watch the market; let the system work for you!
🧠 Overcome greed and fear: They are your most rational traders, helping you conquer the biggest enemy—emotion!