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When executing trades based on my signals, I always provide two key target points: TP1 and TP2. Here's the strategy to maximize your gains and minimize risks:
Once the price hits TP1 and begins to move toward TP2, if a reversal occurs before reaching TP2 and the price retraces back to TP1, you must exit the trade at TP1. The critical step here is to adjust your stop loss to TP1 once it is reached. This adjustment helps protect your profits and ensures that you are not caught in a reversal, locking in a win even if the market doesn't reach the second target.
This rule is designed to secure consistent profitability by avoiding unnecessary losses. By locking in small but steady gains, you create a solid foundation for long-term trading success. Trading with this approach enables you to navigate the market more confidently, knowing that youโve minimized exposure to unfavorable reversals.
In summary, always aim to secure profits at TP1, move your stop loss to that level, and only let the trade run toward TP2 if the price continues in your favor. This disciplined approach keeps your trades in the green and helps you build sustainable profitability over time.
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