Stoplossmistakes
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Most crypto assets experienced a sudden and unexpected drop just when it seemed the bulls had the day. Including the King of the Bulls $BTC
I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances. #TraderMistakes #TradeSignal #TradeSmart #Stoplossmistakes #Stop-loss
I am sure a lot of traders had their positions liquidated and it was another stark reminder of the need to always include a stop loss trigger in your trades to avoid total loss.
Although the crypto market offers the chance to increase your profits, it also presents the risk of significant losses due to its high degree of volatility. High losses are something that no trader wants to experience, and this is especially true for traders who have purchased short-term crypto assets only to see the trends go against them. Stop-loss trading is the safest and most effective way out of a losing trade in certain circumstances. #TraderMistakes #TradeSignal #TradeSmart #Stoplossmistakes #Stop-loss
Stop Loss Mistakes - caused you
#Stoplossmistakes
First - placing your SL exactly that the line. Always allow a little room for spread and just for market fluctuation. Highs and lows often get taken, so allow some breathing room! - Too tight stop losses are cool and offer big RR, but you will be taking hit after hit. Are you fine with that? If yes - sure. But if you want high win rate - place your SL at a safe place. - Placing a too big of a stop loss sometimes doesn't make sense. Don't just place a random 30 pip stop loss. Consider your structure and zones and place your SL above/below invalidation point. - Do not micromage. Because the moment you move to breakeven, is the moment when the market pulls back, takes you out and rushes to profit. Always happens haha! - Finally - always have a stop loss. Without a planned stop loss, you cannot calculate your risk and lot size. So - if you are entering random lots and without a stop loss - you are doing something wrong!
First - placing your SL exactly that the line. Always allow a little room for spread and just for market fluctuation. Highs and lows often get taken, so allow some breathing room! - Too tight stop losses are cool and offer big RR, but you will be taking hit after hit. Are you fine with that? If yes - sure. But if you want high win rate - place your SL at a safe place. - Placing a too big of a stop loss sometimes doesn't make sense. Don't just place a random 30 pip stop loss. Consider your structure and zones and place your SL above/below invalidation point. - Do not micromage. Because the moment you move to breakeven, is the moment when the market pulls back, takes you out and rushes to profit. Always happens haha! - Finally - always have a stop loss. Without a planned stop loss, you cannot calculate your risk and lot size. So - if you are entering random lots and without a stop loss - you are doing something wrong!
Discipline isn't simply about following rules or avoiding temptation.
It's also about designing routines that keep you focused, accountable, and increase your productivity.
Design your routine and become disciplined.
#Stoplossmistakes
It's also about designing routines that keep you focused, accountable, and increase your productivity.
Design your routine and become disciplined.
#Stoplossmistakes