The best ways to manage a trade:
1. Set a Stop Loss: Don't enter a trade without setting a loss limit to protect your capital.
2. Partial Take Profit: Don't wait to reach the full target; take part of the profit gradually.
3. Monitor the market without attachment: Don't change your plan every moment; stick to the plan and keep emotions out of trading.
4. Move the Stop Loss with profit (Trailing SL): When the trade goes in your favor, gradually raise the stop loss.
5. Don't add to a losing trade: Averaging down can be deadly; don't try to recover while you're losing.
6. Keep your notes: After every trade, write down the reasons for profit or loss and learn from them.
The secret to success is not just in entering, but in managing the trade wisely.
#BinanceAlphaAlert #MyEOSTrade #SaylorBTCPurchase #EthereumSecurityInitiative #TradeStrories
