💬 How I Handle (Breakeven) My Loosing Positions? [Read Full 🎁]
👉 You Might have Witnessed Losses in Futures But do you know sometimes Lifting off Your SL and Holding it is A Blessing as Crypto Markets is always ready to Hunt Your SL ✅.
👉 And Sometimes Removing Stoploss from a Position and holding it becomes dangerous too, As its uncontrollable and you can incur big Loss Also.
🤔 But the Question is How i Manage to Get Out from Such Losses?
👉 First I only Remove Stoploss for those positions for which i become confident that it will Go by our Side.
👉 I Don't hold single position at a time, i have multiple positions opened at Once. Some at profits, Some at Loss.
👉 When the Loss goes bigger & bigger and becomes uncontrollable, I try to Cut those position against a profitable position.
✍️ For Example
If i am loosing Money on X Token (Say $50) and earning $100 on Y Token, then i Simply close full on X and cut 50% on X in order to get a breakeven.
But is it okay to close a profitable position? (which may even give big)
👉 Answer is Yes as breakeven also Gives relief to your Futures Wallet plus your margin ratio decreases 👍
This is how I manage my Risk and loosing positions ✅
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More than a decade ago, a person using the pseudonym 'Satoshi Nakamoto' ignited a fire with a nine-page white paper. No announcements, no team, not even a real name. He appeared quietly and disappeared quietly, leaving behind a seed—Bitcoin.
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