$BTC LINK $BTC continuing from the previous article on how to place orders, I will explain 4 terms that seem to be known by everyone but are rarely mentioned, the 4 most important terms in this Market

1. Entry: entry point - where to place a Buy or Sell order

2. SL: Stoploss - stop-loss point

For Holders: holding for the long term should set SL from 5%-7%-10% depending on each person's tolerance level or acceptable loss but without feeling too heavy

For Traders: should only be 1%-2% of the account

3. TP: Takeprofit - exit point, expected profit level

4. RR: Risk/Reward - risk to profit ratio

For Holders: should have an RR level of 1:2 and 1:3 or higher before entering

For traders: an RR ratio of 1:1 is already successful

So the way to place orders I mentioned the other day is a general combination for both traders and holders.