How to get out of any future trade that is in loss "With Example"
I learnt about this way like a year ago, i don't use it much as i don't have big capital and I'm a high risk trader "When i get my hands on money".
Okey, so the way to do this is by example "I'll try to explain it in a simple way" :
Say you got 10,000$ USDT that you will be using in future trading, and you decided to long some coin that's price is 1$ with 2,000$ Margin, then the market shifted direction and started falling.
So, Now the situation like this:
You long a coin @
Entry: 1$
Margin: 2,000
Current Market price: 0.95$
If you see a situation like this, that the asset price decreased from 1$ to 0.95$ and you are -50% or something, all you need to do is this:
1. Wait for a sign of a retracement from the downtrend (Price retraces to around 0.97$) and open a new long on the same coin with 1,000$ to 2,000$ of your margin.
So Now the situation will look like this:
Entry: will be around 0.97$ - 0.98$
Margin: 4,000$
Current Market price: 0.97$ - 0.98$
That way you have leveled your entry with the current market price, of course it's risky as you risk more to be able to get out of the trade and if you are sure of your trade, then you will have a better entry and more profit.
