"Should I Hold or Close My Trade?"

I see this question on Binance Square every single day. And let me be honest — if you have to ask this, you didn’t have a plan when you entered the trade.

Most of the time, traders asking this are:

✅ Holding heavy losing positions, hoping for a miracle.

✅ Sitting on small profits, too scared to take them.

Neither is a strategy.

Here’s What Smart Traders Do Instead:

✔️ DCA (Dollar-Cost Average) Smartly — If the setup is still valid and you’re managing risk, adding at better prices can improve your average.

✔️ Hedge — When unsure, open a counter trade to reduce exposure without closing your position.

✔️ Take Profits in Batches — Don’t be greedy. Lock in gains as price moves in your favor, while leaving some to ride the trend.

✔️ Set Clear Stoplosses — So you never have to stress about asking “should I hold or close?” — the market will decide for you.

The Goal Is Control, Not Guesswork

A trade without a plan is a gamble. You should know:

✅ When to enter

✅ When to scale in or hedge

✅ When and how to take profits

✅ When to cut losses

Stop reacting, start managing.