In this market, there is no constant winner or loser. Some days you win, some days you lose... but there are those who maintain their gains and those who limit their losses. These are two methods, and if you apply them, you will be able to protect your profits and limit your losses. Apply them.
Stop Loss
The stop loss strategy allows you to avoid further losses, as you can set a specific price to close the trade. When the trade reaches this limit, trading is automatically stopped, which helps you trade without worry because you won’t lose more than you expect.
Follow Market News
The prices of currencies, commodities, and others in the market change according to the news, especially on the political and economic fronts. Therefore, following the news enables you to anticipate future price changes, thus assisting you in technical analysis and choosing winning trades.
Advice: Not every price increase means its strength. Some people raise its price to the sky so you invest your money, then they drop the price to the lowest point.. here they are playing with you. But you can play with them by taking profits of 15%, exit, and wait for the drop to strike back at them.
Warning: The trading volume has started to decrease. I advise those who have made profits to leave and preserve their gains, and those who have not made profits to protect their remaining capital and wait for the decline before entering again.
I am a trading plan as follows: small but guaranteed profit better than a large but uncertain profit My daily goal is 150 USDT and I am working towards it, and monthly I achieve 4500 USDT
Unfortunately, many do not know how to trade and lose their money Because they trade without a prior strategy First, before trading, set a business plan with a daily profit target
Make your plan daily with a profit goal, not just entering without plans
Set your daily profit goal to 150 USDT and upon achieving the goal, exit and return the next day, and continue like this to watch your capital grow. And remember, before you trade, check the trading volume of the currency and the highest price it has reached, and identify the resistance and support points.
Things to forget if you want to trade properly 1/ Pepe will not reach a dollar nor a cent 2/ Entering futures contracts is losing your money; even if you win once or twice, you will lose, lose.