How to set take profit and stop loss? Friends of Saoge can just take a look! ① For the first position at 1%, I generally do not set a stop loss. If I feel it's approaching the bottom, I may not set a take profit and hold longer! To ensure I don’t miss a better position that hasn't been hit, thus avoiding missing the market! ② If the second low buy position is hit, I generally take a break-even or small profit, for instance, during the day I will be more patient. If it's during the evening and I've hit two low buy positions, I will choose to take a break-even exit and sleep soundly! ③ Generally, I only choose one of BTC/ETH to trade, and one of SOL/DOGE, with at most two contract positions! For altcoins, I usually take small positions; it's either profit or loss, and I never hold too many altcoin positions! 90% of the time, I focus on the top four coins, and I rarely trade altcoins! ④ Our strategy for the first position can also refer to Saoge's approach of not setting a stop loss but setting a take profit; after hitting the second low buy position, taking a break-even exit is recommended! ⑤ I will share more practical experiences on take profit and stop loss in the live stream, you can follow Saoge to watch his live broadcasts, and we will resonate in sync. ⑥ When trading contracts, the first priority is position management, the second priority is still position management, and the third priority is still position management!
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