$BTW
๐๐ฅ
Of course, I move my stop-loss to break-even once the trade moves in my favor. This protects my initial capital while keeping the door open for a potential big move.
I never hold coins like this without a risk-management plan. I use a small position size and a strict stop-loss.
๐ Example:
- Entry: $2.629
- Stop-loss: $2.630 (break-even)
If the price reverses and hits my stop, I aim to exit without a loss on the trade, excluding fees and slippage. If momentum continues, I still have a chance to catch a massive move. ๐
Protect your capital first. Let the profits run. ๐
#BTW #CryptoTrading #RiskManagement #BreakEven #Crypto
๐๐ฅ
Of course, I move my stop-loss to break-even once the trade moves in my favor. This protects my initial capital while keeping the door open for a potential big move.
I never hold coins like this without a risk-management plan. I use a small position size and a strict stop-loss.
๐ Example:
- Entry: $2.629
- Stop-loss: $2.630 (break-even)
If the price reverses and hits my stop, I aim to exit without a loss on the trade, excluding fees and slippage. If momentum continues, I still have a chance to catch a massive move. ๐
Protect your capital first. Let the profits run. ๐
#BTW #CryptoTrading #RiskManagement #BreakEven #Crypto