首席操盘手
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Discussing the market, the long position entry given yesterday at 81500-82000 📈📈 is currently making a profit of about 1300 points.
Generally, if a trade's profit is not above 4000 points, I do not consider taking profits. I usually just maintain the position, either protecting my capital or taking profits, and I won't take profits below 4000 points. So, I'm not saying that I always profit; if you see my trades with profits under 4000 points that have dropped back, it means I did not take profits, and I chose to exit at cost.
You need to understand how much profit your trades can actually make. For example, when I review my own trades, apart from stop-losses, I want to clarify this: I never shy away from discussing stop-losses, and I'm never afraid for others to see my stop-losses because I believe that having a stop-loss is a necessary condition for trading. As long as you open a position, there is a 100% chance of having a stop-loss; this is Murphy's Law. As long as you don't have a stop-loss, I have my own review data for successful profitable trades. Out of 10 trades, 8 can achieve profits of over 5000 points. That's why I said I won't take profits unless it's over 4000 points; this is supported by hundreds of past trading data, which gives me the confidence to hold positions longer. Many retail traders lack confidence because you do not have enough trading data to review.
So when I write, I say floating profit 💰 instead of profit. If I use the word profit, it means I have already taken those profits.
That's how trading works; if you choose a large profit, you must face the risk of profit drawdown. The long position has a floating profit of 1300 points and has not yet taken profits.👌👌
$BTC
$ETH
Generally, if a trade's profit is not above 4000 points, I do not consider taking profits. I usually just maintain the position, either protecting my capital or taking profits, and I won't take profits below 4000 points. So, I'm not saying that I always profit; if you see my trades with profits under 4000 points that have dropped back, it means I did not take profits, and I chose to exit at cost.
You need to understand how much profit your trades can actually make. For example, when I review my own trades, apart from stop-losses, I want to clarify this: I never shy away from discussing stop-losses, and I'm never afraid for others to see my stop-losses because I believe that having a stop-loss is a necessary condition for trading. As long as you open a position, there is a 100% chance of having a stop-loss; this is Murphy's Law. As long as you don't have a stop-loss, I have my own review data for successful profitable trades. Out of 10 trades, 8 can achieve profits of over 5000 points. That's why I said I won't take profits unless it's over 4000 points; this is supported by hundreds of past trading data, which gives me the confidence to hold positions longer. Many retail traders lack confidence because you do not have enough trading data to review.
So when I write, I say floating profit 💰 instead of profit. If I use the word profit, it means I have already taken those profits.
That's how trading works; if you choose a large profit, you must face the risk of profit drawdown. The long position has a floating profit of 1300 points and has not yet taken profits.👌👌
$BTC
$ETH
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