📜📜Trading Wisdom🧾🧾
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I prefer taking profits over relying solely on stop-loss strategies. Fake outs can easily trigger stop-losses, wiping out positions prematurely.
When trading trending assets, it's crucial to have sufficient margin to ride the wave.
Here's the thing: stop-loss isn't a one-size-fits-all solution. While it protects capital from liquidation, it can also work against you if not used wisely.
My approach? Setting stop-losses to limit potential losses, while taking profits at key milestones. This allows for organic growth and maximizes gains.
Key takeaways:
1. Don't rely solely on stop-losses; take profits strategically.
2. Ensure adequate margin for trending assets.
3. Balance risk management with growth opportunities.
What's your trading approach? Share your insights!
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