Another point is to reduce winning positions - smart money doesn't hold multi-million dollar positions, trying to squeeze every penny out of the market, nor does it close million dollar positions all at once, they close positions in batches, slowly, while prices move in their favor... Ask yourself, why wouldn't you do this? For example,
Today opened a position in $ADA with a leverage of 74x
This did not bring me a big profit, but it did not cause a loss either
After opening the price showed 100% profit - I immediately moved the stop loss to the breakeven point - then it approached my partial closing level at Fibo 1.618, the position was reduced by 25%, but then the price fell and the position was closed by the stop loss - but the stop loss was already at the breakeven point
So the position lost money but there was no loss
Today opened a second position in $ADA with a leverage of 74x - the same analysis, the same levels
Opening price 1.09890
Breakeven price 1.09945
The price has reached 1.115 - this shows a 100% profit
What to do?
For example, move the stop loss to the break-even point, set it at a profit level of 5%, and reduce the position by 10-25%
Or, move the stop loss to a profit level of 15% and wait for the level determined for partial liquidation to be reached, which is obvious today - close to the Fibonacci levels of 1.618, 2.168 and 4.238
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