Lock in gains early: Once your first target (TP1) is reached, sell 30% to 50% of your position—your choice based on comfort and strategy.
Protect your capital: Move your stop loss to your entry point after TP1. This way, you can't lose money on the rest of the trade.
Use safe leverage: Keep your liquidation price well below your entry. If it’s too close, reduce your leverage—consider using 3x, 5x, or 10x max.
Limit your risk: Never risk more than 5% of your total capital on a single trade. Only invest what you're fully prepared to lose.
Take profits in stages:
TP1: Sell 40%, move stop loss to break-even
TP2: Sell 20%, shift stop loss to TP1
TP3: Sell 20%, stop loss at TP2
TP4: Sell the remaining 20%, stop loss at TP3
Stick to your plan: Once you hit a target, the trade is done. Avoid re-entering.
Note: This isn't financial advice. Always research and assess
risks before investing!
