📌 Contract Trading | Take Profit and Stop Loss
· Key point: The trigger price for a trailing stop moves with the price in a favorable direction. An order is placed when the price retraces by more than the set percentage.
· How to think about it: It’s best to place a stop-loss at a price that would prove your judgment wrong, rather than picking an arbitrary number based on how much you can afford to lose.
· Note: Set a stop-loss when you open the position. Don’t wait until your unrealized losses grow before figuring out when to exit.
$BTC 75827.99（-0.28%）
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· Key point: The trigger price for a trailing stop moves with the price in a favorable direction. An order is placed when the price retraces by more than the set percentage.
· How to think about it: It’s best to place a stop-loss at a price that would prove your judgment wrong, rather than picking an arbitrary number based on how much you can afford to lose.
· Note: Set a stop-loss when you open the position. Don’t wait until your unrealized losses grow before figuring out when to exit.
$BTC 75827.99（-0.28%）
#BTC