Beginner tip: plan the exit before you hit Buy 🧭
Most new traders plan the entry and wing the exit. Then a red candle shows up and panic makes the call for them.
Before your next trade, write down 3 numbers:
1️⃣ Entry: the price you're buying at
2️⃣ Stop: the price where you admit you were wrong
3️⃣ Target: where you take at least part of the profit
Example: buy at 100, stop at 94, target at 112. You risk 6 to make 12. If a setup can't offer at least twice what you risk, skip it.
Then place the stop order right away, not "later".
Do you set your stop before or after you enter? 👇
#TradingTips #crypto #CryptoEducation #Binance
Most new traders plan the entry and wing the exit. Then a red candle shows up and panic makes the call for them.
Before your next trade, write down 3 numbers:
1️⃣ Entry: the price you're buying at
2️⃣ Stop: the price where you admit you were wrong
3️⃣ Target: where you take at least part of the profit
Example: buy at 100, stop at 94, target at 112. You risk 6 to make 12. If a setup can't offer at least twice what you risk, skip it.
Then place the stop order right away, not "later".
Do you set your stop before or after you enter? 👇
#TradingTips #crypto #CryptoEducation #Binance