💭 How do you smartly determine the right time to exit a trade? (The Art of Protecting Profits)
📌 A successful entry means nothing if you don't know when and where to exit smartly. The correct exit turns your potential gains into real profits.
1. Set a target before entering:
Do not enter a trade without knowing in advance where you will take your profit and where you will stop your loss.
$BTC $ETH $XRP 2. Use support and resistance levels:
If the price approaches strong resistance or important support, consider gradually taking profits.
3. Monitor momentum indicators:
A slowdown in momentum (such as a falling RSI or MACD reversal) may be a good signal to exit.
4. Adopt a partial exit strategy:
Take a portion of the trade when reaching the first target, and let the rest run while raising the stop loss to protect profits.
5. Don't let greed control you:
Exiting when you achieve your target is better than waiting for a bigger move that may never come.
💡 Remember: Professional exit determines the smart trader from the amateur.
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🎁 How to smartly deal with losses and turn them into learning opportunities?
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