💭 How do you set a professional stop loss that protects your profits and reduces your losses?
📌 The first secret to preserving capital in trading is mastering the use of stop loss professionally.
1. Set it based on analysis, not emotions:
Rely on support and resistance levels, not on how much money you "want" to lose.
2. Don't place it too close:
A tight stop loss may cause you to exit the trade due to normal market movements before the correct trend is realized.
3. Don't leave it too far away:
A wide stop loss may cost you significant unnecessary losses. Choose a logically considered distance according to the time frame and trading strategy.
4. Use a trailing stop loss:
When the trade moves in your favor, gradually move the stop loss to protect and increase profits.
5. Always respect the stop loss:
Do not change or cancel it under emotional pressure. Commitment to discipline is the key to success.
🎁 Expert Tip:
Think of the stop loss as an "insurance cost" for your trading project, not as an enemy to be avoided.
#stoploss #RiskManagement #CryptoTrading. #tradingtips
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🎁 How do you protect your profits and exit the trade professionally?
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