EXIT STRATEGY IN HODL!

[Emon]

Managing Risk Effectively: Initiate trades with a 5% loss as the stop loss (SL). Upon achieving profitability, shift the SL to the entry point, especially in leveraged trades. Accept that if it hits, it hits – new opportunities await. Prevent loss escalation through vigilant monitoring.

 

Preserving Your Capital: Regardless of spot or leverage trading, safeguarding your initial investment takes precedence. Upon reaching TP1, withdraw either a percentage of profits or the initial investment, allowing the remainder to continue.

 

Smart Stop Loss Strategy: Employ a successful method for trailing SL. As your position turns profitable, adjust the SL using the same reliable indicator to secure gains and mitigate risks.

[BashJasper]

Thanks for this piece of profitable lesson. Permission to copy!

Will apply this in my leverage trading on my convenient exchange bitget. Another knowledge gained!!

[Bash4j]

There can't be a better time to adopt this strategy than now. With the biggest crypto trading contest around the corner, my Risk management, Smart stop-loss strategy has been advanced. The upcoming KCGI2023 is a contest for all.