Setting your stop loss and profit targets before entering a trade isn’t just smart; it’s essential for staying disciplined in the crypto market. This strategy helps you avoid holding onto losing trades for too long and ensures you lock in profits before they slip away. Remember, it’s crucial to resist the urge to move your stop loss, hoping the price will bounce back—especially when it’s flirting with your threshold.

If you notice a change in market structure on lower timeframes after entering a trade, or if your strategy isn’t playing out as planned, it’s often better to exit immediately rather than waiting for your stop loss to kick in.

Greed isn’t just about managing money; it’s about mastering self-control. The key to keeping greed in check? Stick to your well-crafted trading plan. By doing so, you’ll not only manage your impulses but also build the confidence needed to thrive as a successful trader.

Stay focused, trust your strategy, and keep trading smart.

#Write2Earn! #TraderRai #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021