🧧👇Trading tutorial ~ Many friends don’t understand trailing stop loss and capital loss. The actual situation is that after you open a position, the floating profit reaches our strategic target 1 or has exceeded it, or after Sanmago notifies you to set it.
You can just change the stop loss to your opening cost price. Some can automatically place orders in advance and set them up. Currently, for Binance, you need to do it manually, but it basically does not affect what you do. Everyone has a mobile phone, and It's not like the big computer operation in the past, it's very simple.
There is also a term called running, that is, if you open a short position, but we find that the trend is not in line with expectations, we let you place a limit order or a range of points to run, which means that you will be close to the cost or be eliminated with a small loss. This prevents the market from trapping you in reverse and affecting your emotions and mentality. $BTC
