people should know a lot, so they don't keep losing while playing futures
#Write2Earn #Write2Earn! #RiskManagement #TrailingStopLoss #tradingfuture
Getting to Know Trailing Stop: A Safe Way to Lock in Profits While Trading Futures
When trading on Binance Futures, it's important not only to focus on profits but also on how to secure those profits and reduce the risk of losses. One method I use is the Trailing Stop Loss (SL) feature—and it has proven to be very helpful!
Take a look at my two positions in ENAUSDT and AVAAIUSDT. Here I use trailing SL so that the position automatically closes if the price reverses, while still giving the price room to move up to maximize profit potential.
How does it work?
Trailing SL will follow the market price at a certain distance. For example, I buy at a price of 0.318 and set the trailing SL at 0.30. If the price goes up, the SL will also go up. But if the price drops below the SL threshold, the position will automatically close to secure the profits already made.
With this strategy, I don't need to constantly monitor the screen. Profits can still be locked in, and losses can be minimized. It's perfect for traders who want to remain disciplined without excessive stress.
So, for those of you who are just starting with futures, don't just focus on entry—understand the trailing SL feature to help you trade more intelligently and safely!
Try practicing it now! Click the following coin tags to start trading:
$ENA
$AVA
$KERNEL
#Write2Earn #tradingfuture #TradingStrategies💼💰 #RiskManagement #TrailingStopLoss
When trading on Binance Futures, it's important not only to focus on profits but also on how to secure those profits and reduce the risk of losses. One method I use is the Trailing Stop Loss (SL) feature—and it has proven to be very helpful!
Take a look at my two positions in ENAUSDT and AVAAIUSDT. Here I use trailing SL so that the position automatically closes if the price reverses, while still giving the price room to move up to maximize profit potential.
How does it work?
Trailing SL will follow the market price at a certain distance. For example, I buy at a price of 0.318 and set the trailing SL at 0.30. If the price goes up, the SL will also go up. But if the price drops below the SL threshold, the position will automatically close to secure the profits already made.
With this strategy, I don't need to constantly monitor the screen. Profits can still be locked in, and losses can be minimized. It's perfect for traders who want to remain disciplined without excessive stress.
So, for those of you who are just starting with futures, don't just focus on entry—understand the trailing SL feature to help you trade more intelligently and safely!
Try practicing it now! Click the following coin tags to start trading:
$ENA
$AVA
$KERNEL
#Write2Earn #tradingfuture #TradingStrategies💼💰 #RiskManagement #TrailingStopLoss
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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