The strategy of closing a position can be divided into two situations, one is to sell at a stop profit, and the other is to sell at a stop loss.
Take profit selling. After the profit reaches a certain level, it is recommended to sell in batches. In a price range, sell a batch at a corresponding price. For example, you were long when the ETH contract price was 1600U, and now it has risen to 1700U. The take profit can be set to sell 50% of the position at 1630 and sell the remaining 50% at 1700. The purpose of this setting is that if the price continues to rise and the second price you set is not triggered, then your contract will continue to make money;
If the price falls and half of the contracts are triggered, and half of the contracts are not triggered, and then the price stops falling and rises, then you can still make money on the other half of the contracts, and your price cost is very low, and your mentality will be better than buying now. Much better; if the price reverses and falls and all the contracts you set are triggered, it proves that the trend of this market has also reversed, so you can consider making new contracts, or take a break to observe and wait for new opportunities.
