I just received some questions from your new members about risk management when trading. Today, I want to share a few experiences about what entry is and how to effectively use Stop Loss and Take Profit.

It's simple, entry is the point where you start a trade. When you buy or sell a certain asset, if the trade ends exactly at the entry point, it's a break-even trade. But the main thing isn't the entry itself, but how you manage after entering the trade.

I usually set a Stop Loss below the entry when buying, and above the entry when selling. This helps automatically cut losses if the market moves against your expectations. However, don't set the Stop Loss too close to the entry because markets often fluctuate strongly, and you might get stopped out unnecessarily.

Take Profit, on the other hand, is set higher than the entry when buying and lower than the entry when selling. This order allows you to automatically lock in profits when the target is reached. A good tip is to set the Stop Loss smaller than the Take Profit relative to the entry. This way, winning trades can offset losing ones.

The benefit of pre-setting both orders is saving time on trade checks, reducing psychological pressure, and optimizing profits. I usually set the stop loss around 0.5-1% of the account for safety.

But there are also risks to watch out for. Markets sometimes fluctuate strongly, hitting the Stop Loss and then returning to the entry or Take Profit levels. Or your trade looks good, hits the Take Profit, and then moves further away. Still, the important thing is to set both Stop Loss and Take Profit, especially when trading Futures. Ignoring Stop Loss can lead to account blowouts.

The best approach is to take small, consistent profits over the long term. When you start trading more professionally, these two orders are essential to save time and improve efficiency. Always remember that risk management is the key to successful trading.