🎉Since fans have come to ask about this stop loss, I believe many people have a big question in their hearts. Today, let's take some time on the weekend to talk about this matter.
A stop loss is when we realize that the direction is wrong and then adjust in time to avoid more losses. If you were looking at a profit of 3000 points before entering the trade, then I would set my stop loss around 1000-1500, which means we can pull the risk-reward ratio to 2:1 or even 3:1. So when can we add to our position? Even if we feel close to the stop loss, if I am confident in the direction of this trade, I can choose to add another lot to average down.
As for Huiwen in the picture, Master Wei, how big is your Ethereum stop loss? Let me put it this way, the size of the stop loss is determined by two conditions:
① The position I entered, leverage
② Recent profit situation
If I entered with a light position, which is 3%, and I am confident that my direction is correct, then I will consider adding 3%. If I directly entered with 5% and initially did not plan for an additional position, then if it breaks the stop loss, I will exit and not add. At the same time, if I have made significant profits recently, I might consider adding another lot, provided that I can see the market reversing at a certain point and have a high level of confidence in that.
So, by this point, everyone understands how to manage the stop loss, right? If I open a trade with a stop loss, the family members in the team must output fiercely. I hope everyone can catch the last train and achieve a beautiful turnaround or a final battle at the end of this year. Wu Xian is celebrating with you with a spade A: #加密市场调整