**How do you sell part of your position🤔 to reduce losses without closing it completely? 📉**
### 🔄 **Practical Example:**
1. **Opening the Position (Buy):**
- You bought **5 ETH** at a price of **$2,000** each (Total investment: **$10,000**).
2. **Market Drop:**
- The price of ETH dropped to **$1,800** ← Unrealized loss on the 5 coins = **(2,000 - 1,800) × 5 = $1,000**.
3. **Partially Closing the Position (Selling 3 ETH):**
- You sell **3 ETH** at a price of 1,800$ ← Turning the loss into a realized one: **(200$ Loss × 3) = $600**.
- You have **2 ETH** remaining in your wallet (currently worth: **$3,600**).
4. **Result:**
- **You lost $600** instead of 1,000$ if you had waited.
- If the price rises later, you profit on the remaining 2 ETH.
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### 📌 **Why is this useful?**
- **Reduce Mental Pressure:** You don't have to make an “all or nothing” decision.
- **Flexible Management:** You maintain your chances of recovery while limiting losses.
### ⚠️ **Note:**
- Use this strategy with a **trailing stop loss** to avoid worsening the situation.
- Don’t leave the remaining coins unattended!
- Follow me for the best tips🥰
