How I structure and manage my trading operations.
When I manage my trading operations, it's not just about indicating entries and exits, but strategically managing the trades to maximize profits and minimize risks. This is the detailed format I use to structure each trade and manage its development:
Clear structure
Each trade follows a standard format that ensures clarity and organization.
Here I explain the details:
1. Trade: New | Update
I specify whether it is a new signal or an update of an ongoing trade.
2. Asset:
I indicate the pair to trade, such as BTC/USDT, ETH/USDT, etc., eliminating confusion.
3. Type:
I differentiate between spot trades (no leverage) and futures (with leverage).
4. Direction - Long | Short:
I specify whether we are looking to capitalize on an upward movement (long) or a downward movement (short).
5. Leverage:
If the trade is in futures, I include the level of leverage, such as 3x or 6x, to adjust risk and profit expectations.
6. Trade Number:
Each signal has a unique number to facilitate tracking and subsequent analysis.
7. Date and Time:
I include the exact moment when the entry is issued, as timing is key in trading.
8. Risk:
I classify each trade as low, medium, or high risk, depending on market volatility and conditions.
Operational data: entries, exits, and management
Managing operations is the heart of this strategy:
1. Entry Area:
I provide a price range, such as $XX - $XX, to allow for flexible entry according to market behavior.
2. Take Profits (TP):
I divide profits into three levels to manage risk and secure gains:
TP1: Upon reaching this level, I close 50% of the trade and adjust the stop loss to the entry area, ensuring a break even in case of reversal.
TP2: I close an additional 30% and raise the stop loss to the TP1 price, securing accumulated profits.
TP3: I close the remaining 20% and adjust the stop loss to the TP2 level, maximizing profits in prolonged movements.
3. Stop Loss (SL):
I set a clear level to limit losses, defined in dollars or percentage, tailored to each trade.
Results and tracking
Post-analysis is crucial for improvement:
1. Result:
I document whether the trade was a gain or a loss, with clear amounts or percentages. This record allows for analysis and learning from each decision.
2. Link to Message:
I include a link to the original message (Telegram, etc.), so others can verify the details and context of the trade.
Why do I manage trades this way?
This format not only allows me to manage risks but also to ensure consistency:
1. Total control: By dividing profits into levels and adjusting the stop loss at each TP, I secure profits and reduce risks.
2. Transparency: Documenting each trade allows me to evaluate the effectiveness of my strategy.
3. Discipline: Structured management helps me make decisions based on logic, not emotions.
In trading, the key is not just finding entries and exits, but managing each movement with precision. This approach has allowed me to build trust, both in myself and in those who follow my signals.
💡 Remember: each trade is an opportunity to learn.
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