Prince-of-Crypto

Many of you might be unsure about how to book profits in a trade. Most of the confusion revolves around TPs (Take Profits), as sometimes trades hit all TPs, sometimes 2-3 TPs, and occasionally only TP1.

To make it simple, here are two methods you can follow with any signal to maintain your profit rate:
1️⃣ Trailing Stop-Loss Method:
Once TP1 is hit, you should immediately trail your stop-loss (SL) to entry or in profits. As the trade progresses and hits TP2, TP3, or higher, continue trailing your SL to secure more profits. However, avoid holding the trade without trailing your SL, as market reversals can lead to losses if you’re not cautious.

2️⃣ Booking Full Position at TP1:
Close your entire position at TP1 without aiming for further TPs. This is a safer and simpler approach, especially for those who prefer minimal risk. SLs can be 5-10% from entry price to have a tight strategy and sometimes if you don't like the trade or the market, you can always exit the trade at your entry price.

By following either of these methods, you can ensure consistent profits with any signal trade.
Hopefully, this clears up any confusion and helps you maintain your profits.
Remember, signal trading is not always that accurate, don't expect it to always work out, try your best to mitigate the risks, and always risk what you can afford to loose.

Happy Trading
Regards,
Prince of Crypto

-Update #3: If you are still holding I suggest taking profit maybe the market dumps again. It is also possible that the price will hold for a while before showing any movement.

-Update #2: Target 1 achieved with a gain of +93.80%. SL to entry point for everyone still in the trade

-Update #1: Caution, go for target 1 then change SL to entry. Market is moving upwards now but probably not for long

-Update #1: Caution, go for target 1 then change SL to entry. Market is moving upwards now but probably not for long.

#VVV USDT
-Long Position (Entered)
-Entry: 4.17 - 4.05

-Target 1: 4.30
-Target 2: 4.50
-Target 3: 4.80

-SL: 3.90

PS: Invest up to 5% only (SMART TRADING)
PS: Change Stop Loss to ENTRY once target 1 is hit to breakeven.
PS: Use trailing Stop Loss to maintain profits.
$VVV

#CARVUSDT
-Long Position (Entered)
-Entry: 0.330 - 0.340

-Target 1: 0.355
-Target 2: 0.370
-Target 3: 0.390

-SL: 0.320

PS: Invest up to 5% only (SMART TRADING)
PS: Change Stop Loss to ENTRY once target 1 is hit to breakeven.
PS: Use trailing Stop Loss to maintain profits.
$CARV

-Update #6: Chart has turned bearish and price is moving closer to 0.08 so a 600% profit on the short position is still possible, maybe today

-Update #5: If target 3 is hit at 0.08, then an entry at 0.121 will close a MASSIVE +677.69% PROFIT

-Update #4: Targets 1 and 2 are hit

-Update #3: $CTSI is now dumping after failing to maintain the 0.1214 price, short position is back on for those who dare #short

-Update #2: SL hit with 65% loss, such an unfortunate outcome

-Update 1: SL hit with total loss of 300%, such an unfortunate outcome

$ALPINE USDT
-Short Position
-Entry Target: 2.1 - 2.09

-Target 1: 2.0931
-Target 2: 2.0212
-Target 3: 1.9970

-SL: 2.440

PS: Invest up to 5% only (SMART TRADING)
PSD: Change Stop Loss to ENTRY once target 1 is hit to breakeven.

$ALPINE

-Update #1: Price is dropping and buy pressure is decreasing; trade setup looking good

$CTSI USDT
-Short Position
-Entry Target: Market (Bearish engulfing forming on 15 min)

-Target 1: 0.1079
-Target 2: 0.0990
-Target 3: 0.0800

-SL: 0.121

PS: Invest up to 5% only (SMART TRADING)
PS: Change Stop Loss to ENTRY once target 1 is hit to breakeven.
PS: FVG is formed on almost all time frames indicating  a possible reversal soon.

-Update #2: SL hit after hitting target 1 to breakeven

-Update #1: Target 1 already hit, shifted stoploss to maintain investment.

#FIS USDT
-Short Position (Entered)
-Entry Target: Market Price

-Target 1: 0.12550
-Target 2: 0.12400
-Target 3: 0.12100

-SL: 0.13300

PS: Invest up to 5% only (SMART TRADING)
PS: Change Stop Loss to ENTRY once target 1 is hit to breakeven.

-Update #1: SL hit at -25% loss