#币安LaunchpoolVANA
Everyone says trading needs strategy, planning, and an understanding of technical analysis, and they are indeed correct.
However, when opening a position initially, many people don't even consider what to do if the price moves in the opposite direction, and even if it moves in their favor, they don't know what to do.
So, the key is not just making money - let me ask a question: what should we do?
I often see people in my social circle posting 'I don't know what to do'.
Market conditions can change at any moment; once you open a position, you need to be aware.
If you're not sure, then don't open a position, or just close everything, even if it means a small loss.
Speaking of strategies, this is the secret weapon - how to close positions without losing money?
The reasoning is actually quite simple.
No matter the level of leverage, the principle is the same: move the stop loss to the breakeven point, then the cost of opening the position is all returned, plus the cost of closing the position.
When to move the stop loss is something you need to ponder, it all depends on how greedy you are.
With high leverage, as soon as I see a profit of 25%, 50%, or 100%, I immediately move the stop loss to the breakeven point.
With low leverage, I might have to wait until a certain price is reached before moving the stop loss.
The second point is that when you make a profit, you should reduce your position. Big money won't foolishly hold onto millions in positions, trying to squeeze the last penny out of the market, nor will they close millions in positions all at once. They gradually close positions in batches, doing so when the price moves in their favor... Ask yourself, why not do the same?
For example,
I opened a position in ADA today with 74x leverage, didn't make big money, nor did I lose.
After opening a position, when the price rises by 100%, I immediately move the stop loss to the breakeven point, then when the price is about to hit the 1.618 Fibonacci level, I reduced my position by 25%, and later the price fell, triggering the stop loss, but at that point, the stop loss was already at the breakeven point.
This way, the position is gone, but there's no loss.
Today I opened another position in ADA with 74x leverage, same analysis, same price level.
Opening price 1.09890, breakeven price 1.09945.
The price has risen to 1.115, meaning a profit of 100%.
What to do?
For example, when I've made 5%, I move the stop loss to the breakeven point, then reduce the position by 10%-25%.
Alternatively, when you've made 15%, move the stop loss there, waiting for the price to rise to the pre-set levels for batch closing, which today are clearly Fibonacci levels 1.618, 2.168, and 4.238.
I found a double-up coin that can be fully leveraged, like single coin A9, wait for the market to stabilize and get in, like, follow, and comment 'VIP' to hop on!
