another issue is the transaction fees, please be careful to avoid excessive transactions as the transaction fees erode profits
GiangBh Crypto
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YOU MIGHT NOT KNOW!!! 💥💥 Many of you reading the article "Advice..." that G pinned at the top have asked me how to take profit partially (Partial Take Profit), so I wrote this post. This is also a strategy to help reduce risk and optimize profit in trading (coins, stocks, forex...):
1. Entry Point → Determine the entry point, trading volume (e.g.: 100%)
2. Define take profit levels (TP - Take Profit) Split into several levels, for example: TP1: +3-5% → Take 25% of the volume TP2: +8-10% → Take another 25% TP3: +15-20% → Take another 25% TP4: Long-term / trailing stop → Keep the remaining 25%
3. Move Stop-Loss according to profit (Trailing Stop) → After each take profit, raise SL close to the entry point or break even → Goal: keep profit – do not let it turn into a loss
4. End the trade → When reaching the final TP or hitting the trailing stop
Attached diagram for you to visualize better when practicing!!! If you need anything, just comment, don’t hesitate. The family has nothing but enthusiasm and kindness 😆
$SOL
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