🗂️ Today's key takeaway: Take-profit and stop-loss
A trailing stop's trigger price moves with the market in a favorable direction. It triggers only when the price pulls back by the preset amount.
Once you've set a stop-loss, don't move it farther away just because it's about to trigger. Doing so often turns a small loss into a big one.
If you don't understand something, take it slow. Practicing with a small amount is safer.
Back to the market: $BTC current price 82119.38 (24h +1.11%).
#BTC
A trailing stop's trigger price moves with the market in a favorable direction. It triggers only when the price pulls back by the preset amount.
Once you've set a stop-loss, don't move it farther away just because it's about to trigger. Doing so often turns a small loss into a big one.
If you don't understand something, take it slow. Practicing with a small amount is safer.
Back to the market: $BTC current price 82119.38 (24h +1.11%).
#BTC