Position management is the core of stable profitability. Before following trades, it's necessary to emphasize the importance of position management to everyone.
**Maximum loss per trade should not exceed 3% of principal, or set the maximum amount you can accept to lose each time. For example, I set a maximum loss of 100 USDT per trade.**
**When profits reach 100%, reduce positions in time and set break-even to avoid profit retracement. Exit decisively at your target price without greed.**
**Always place a stop loss when opening a position, and exit decisively when stop loss is triggered.**
The above are my personal insights for your reference. Finally, I wish everyone to double their account monthly and prosper greatly year after year!
Position management is the core of stable profitability. Before following trades, it's necessary to emphasize the importance of position management to everyone.
**Maximum loss per trade should not exceed 3% of principal, or set the maximum amount you can accept to lose each time. For example, I set a maximum loss of 100 USDT per trade.**
**When profits reach 100%, reduce positions in time and set break-even to avoid profit retracement. Exit decisively at your target price without greed.**
**Always place a stop loss when opening a position, and exit decisively when stop loss is triggered.**
The above are my personal insights for your reference. Finally, I wish everyone to double their account monthly and prosper greatly year after year!