Do you use take profits?
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
#education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
#education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals
Do you use take profits?
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
#education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals
If you do that’s fine but you may want to take this into consideration...
When you set a take profit, you’re limiting your potential profits.
Let’s say you have a take profit set and price rises up to it and hits it but it doesn’t stop rising and it rises 20-30% up before even dropping slightly. You would be pretty annoyed right?
One way of stopping this is by trailing your stop loss, instead of using a take profit, move your stop loss more towards price as price moves upwards or downwards in your favoured direction.
#education #profits #stoploss #trailingstoploss #strategy #signals #cryptotradespremium #winningsignals