How did I turn $100 into $500? (With an explanation of the stop loss)
Many ask: "How do I start with a small amount and make profits?"
The answer: Capital management + stop loss + patience = guaranteed profit, God willing.
The story in brief:
I started with $100, invested in currencies that were close to the bottom like $MASK and $BOME.
But the secret wasn’t just in choosing the currency...
The real secret was in using the trailing stop loss!
What is a trailing stop loss?
It is a tool that protects your profits.
For example:
I entered a currency at $0.10
It rose to $0.20
I moved the stop loss to $0.16
If the price drops, I exit with profits, and if it rises more, I benefit more!
How did I reach $500?
1. I entered with studied trades.
2. I used a stop loss on every trade.
3. I didn’t get greedy... I exited when I achieved 30-50% and then looked for another opportunity.
4. I benefited from the news and daily analyses.
Advice for every beginner:
Don’t enter without a plan.
Don’t risk all your capital.
Don’t underestimate the "stop loss" because it is your shield in the market.
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Have you tried using a trailing stop loss?
Share your experience or ask if you don’t know how to apply it!
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