Trade Plan for Short Position
Trade Mode: Cross
Leverage: Full
Position Size: 1% of Wallet
Entry Points:
Entry 1: [Market Price]
Entry 2: [____0.4____]
Take Profit Targets:
TP1: 50% of Position
TP2: 100% of Position
TP3: 200% of Position
Stop Loss Management:
Once TP1 is hit, move the stop loss to the entry price to lock in profits and protect against potential reversals.
Risk Management:
Limit exposure by committing 1% of wallet to this position, ensuring responsible risk-taking.
Use minimal margin for optimal risk control. If you choose to adjust margin beyond the recommended level, please ensure you manage the increased risk accordingly.
This plan is designed to balance risk and reward effectively while maintaining discipline in your trading strategy. Always be mindful of market conditions and adjust as necessary.