#BTC☀ $BTC

With floating profits, should you take the initiative to stop profits? The price has reached the limit, should you exit and wait and see?

These two questions are based on the same principle: if the retracement you bear is small or no, then you lose the possibility of continuing to expand your profits. You sacrifice your future profits in exchange for a smaller retracement. This is a choice, and you need to make a trade-off.

With floating profits on long orders, should you reduce your position when the profit reaches a certain level?

This is the principle of risk exposure in retracement control. You can indeed avoid a larger retracement in the future by reducing your position, but at the same time, you still sacrifice your future profits.

While controlling the retracement, the expected future returns will also be reduced. There is no best way to deal with it. It is all about choices and trade-offs. Making a choice between retracement control and profit range, and then fixing it, is the best decision.