Stay in touch!
Subscribe to our newsletter to get the latest updates on live market analysis, trading strategies and more. You can unsubscribe anytime.
By subscribing, you agree to Trading.live Privacy Policy.
This is the most common trading method, the purpose is to expand profits with zero risk, and it is also better to prevent losses caused by unexpected market conditions!
Copyright reserved to the author
Last updated: 08/18/2023 18:51
First, you can guarantee that the transaction will not lose money. Second, most of the position opening points are support points or resistance points. When the price returns after making a profit, it is very likely that the market will reverse. At this time, the stop loss can be left to wait and see.
Copyright reserved to the author
Last updated: 08/18/2023 06:16
It cannot be generalized.
If you rely on the support level to go long, don't raise the stop loss. The stop loss position is the position where you expect the support to fail, and once it is raised, it loses its meaning.
If you follow the trend and add positions with floating profits, I will let the cost line after the increase be below the strong support level, and at the same time use it as a stop loss point, so that the worst result is no loss and no profit, avoiding psychological blows.
In short, it depends on your billing position and logic. If after placing an order, based on the follow-up trend, you feel unsure, you can go straight away, or set a guaranteed loss, which is a good choice.
Copyright reserved to the author
Last updated: 08/28/2023 20:11