Today’s topic is asset protection: here’s an example you can experiment with right now
Bond has risen by about 5% since the last call. 2 examples of position protection to prevent the pie from going crazy, (the currency itself is strong, but Bitcoin is falling)
1. Close the position now and set a limit price and stop-profit order upstairs. If you go up, you will buy back the position. You have missed the 2% increase and there is no loss.
2. Subtract 50 from the breakeven of your position. If it breaks through the first support below your position, it will be flat. Watch the decline. After making a higher high, re-enter the long position at a higher low. If it does not fall, If it breaks the full liquidation line, you have no loss. If it falls below, you lose 1.5% to 2%, but you can have the opportunity to re-enter from the low point and quickly make up for the 2% in the next transaction.
Don’t leave messages in the future: M, I was stopped due to a big retracement or some breaking news.
Not allowed❎
