💭 How do you manage your open trades wisely? (The Balanced Trader's Guide)
💡 Trade management is just as important as a successful entry. Once you open the trade, the most crucial phase begins: controlling emotions and making rational decisions.
📌 Here’s what professionals do:
📌 Gradually moving the stop-loss: As the price moves in your favor, raise the stop-loss to protect profits.
📌 Taking part of the profits is okay: Don’t wait for perfection, take part of the profit when the price reaches a resistance area or an initial target.
📌 Don’t watch the chart every minute: Avoid obsessing, your plan is clear, trust it.
💡 Professionalism doesn’t mean the perfect entry, but the smart exit.
#CryptoTrading #RiskManagement #RiskManagement
🎁 Stay tuned for the next lesson:
How to control your emotions during volatility? (Secrets of the Successful Trader's Psychology)
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