How to book profit correctly in future trading ? 🚀
There are many ways like trying diffrent type of order type ( Post only ex.) But I would recommend these two ways which have always been helful to me :
1. If you are in profit close some specific percentage of your position
Ex : if 100$ position of yours giving yoy 20$ profit then close ( 20-50 usdt position and boom 4$-10$ profit )
Again it depends on you how much profit do you want or you want to hold your position all the way
2. This is my personal fav. and effective to Trail your Sl to Profit zone this would incure you get atleast some profit
Ex : Suppose you long btc at 25500 and now price is 27000 but you are looking for btc to hit 28000
just bring your Sl to 26200-26500 this would helf to realize atleast some profit
Please like and follow 🚀😊
