A mistake that costs real money: moving the stop further away.
Widening a stop as price approaches it converts a planned small loss into an unplanned large one. The trade was wrong at the original level, and nothing about it improved.
Move a stop toward profit, never away from it. If the level was wrong, that is information for the next trade, not this one.
Today's market makes the point: SYN is +121.2% while VTHO is -15.1%, a spread of 136 points across the same 60 liquid pairs on the same day.
#Write2Earn #TradingPsychology #CryptoBeginners #TradingTips
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
Widening a stop as price approaches it converts a planned small loss into an unplanned large one. The trade was wrong at the original level, and nothing about it improved.
Move a stop toward profit, never away from it. If the level was wrong, that is information for the next trade, not this one.
Today's market makes the point: SYN is +121.2% while VTHO is -15.1%, a spread of 136 points across the same 60 liquid pairs on the same day.
#Write2Earn #TradingPsychology #CryptoBeginners #TradingTips
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
