One of the big rules of day trading is you always want to be eliminating risk as well. So what I'm doing now is basically dropping my stop loss down so that if price comes up and retests this area here, I'm going to get out for basically a break even trade. Okay.And the reason for that is as soon as the trend does this comes up, now you have this low basically to break and have a candle close below in order to confirm that you have a lower low, a lower high, lower low, lower high, and then a continuation mo ...

Did you know that what's in here— emotions like excitement, fear, or anxiety— can be some of your greatest obstacles when it comes to investing. ​ That's why today we're talking about exit strategies and how using one can help you make more informed and rational decisions. An exit strategy is a mechanism you set up that’s designed to help you sell an investment —that is, a stock, ETF, mutual fund, etcetera —when certain conditions are met.​ Like hitting a high price or profit percentage or a low price or pr ...

Trading Strategy Enhancement - The company introduces a feature to move stop loss above the entry point, enhancing control over exit strategies [1] - This new feature provides traders with more flexibility in managing risk and securing profits [1]

Be honest…how often do you actually use stop losses? 👀 https://t.co/AbZr3TzcuJ ...

RT Breakout (@breakoutprop)𝐀 𝐧𝐨𝐭𝐞 𝐟𝐫𝐨𝐦 @Tradermayne 𝐨𝐧 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:The topic of risk management is vast, and there’s only so much that I could squeeze into a single, digestible concept.But I have one crucially important tip that can make a huge difference in your trading immediately.Don’t force yourself to use an exceedingly tight stop loss – give your trade idea some room to breathe.One of the most common mistakes traders make is placing their stop 1 point/tick/pip below the area they’re trading. Usual ...

Market Analysis - The analysis suggests Bitcoin might be breaking out of a consolidation phase on the daily chart, after a prolonged period of sideways movement with parallel highs and lows [1] - A cup and handle pattern appears to be forming, with the handle coinciding with a full moon cycle, which the analyst considers significant despite skepticism from some [1] - The analyst suggests that if Bitcoin holds above the previous high, it could signal the start of a rally; however, a drop below this level could indicate a false breakout and a potential shorting opportunity [1] - On the hourly chart, Bitcoin has surpassed a previous resistance level, potentially turning it into support; a sustained position above this level could lead to rapid gains [1] - Despite price increases, there's evidence of short positions increasing, suggesting potential buying pressure from spot markets aiming to push prices higher [1] - The analyst suggests a long position with a stop-loss below the current level, targeting a 066%-068% increase, around $120,000, while being cautious about setting targets too high due to a potential market structure shift [1] - A break below the parallel highs would signal a clear shorting opportunity, potentially targeting a $5,000-$6,000 drop [1] - Ethereum is showing signs of support and a potential rebound, but its movement is contingent on Bitcoin's performance, particularly whether Bitcoin can maintain its position above the parallel highs [1] Trading Strategy - Consider a long position with a stop-loss below the current level, targeting a 066%-068% increase, around $120,000 [1] - If Bitcoin fails to hold above the previous high, consider a short position targeting a $5,000-$6,000 drop [1] Risk Management - A drop below the previous high could indicate a false breakout and a potential shorting opportunity [1] - Be cautious about setting targets too high due to a potential market structure shift [1]

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RT Breakout (@breakoutprop)One of the hardest lessons in trading:Set your stop. Set your TP.And leave it alone.You’ll score way more by sticking to the plan than you’ll make trying to outsmart it. https://t.co/vJu0xb3tGk ...

Trading Strategy & Analysis - The trader aims for over $8,000 profit by increasing risk per trade, utilizing technical analysis, trend direction, critical levels, and fair value gaps [3][6][7] - Risk management involves containing risk, letting winners run, reducing risk to break even, and taking profits along the way, targeting a 1 to 2 risk-reward ratio [8][13][14] - The trader uses a combination of trend analysis, fair value gaps, and Elliot wave analysis to identify high-probability trading areas [6][7][34][35] Trade Execution & Journaling - The trader documents live trading sessions on YouTube, providing insights into the trading team's strategies and mindset [2][1] - A trading journal is used to log information, track data, and monitor the step-by-step progression of each trading session [4] - The trader adjusts stop-loss orders and takes partial profits to manage risk and secure gains during volatile market conditions [13][15][43] Market Observation & Adaptation - Economic news and calendar events are monitored to anticipate market movements, but the trader focuses on intraday setups [5] - The trader emphasizes the importance of adapting to market volatility and avoiding psychological biases, sticking to a pre-defined trading plan [24][25][30] - The trader acknowledges that losses are part of trading and focuses on maintaining a high win rate and maximizing profits on winning trades [24][25][89] Performance & Goal - The trader aims to achieve a daily profit goal, adjusting risk and strategy based on market conditions and trade outcomes [3][38][65] - The trader achieved approximately $11,000 in profit, with a 55% win rate, demonstrating the potential of the strategy despite frequent losses [89][90] - The trader reviews and analyzes trading data to identify areas for improvement and refine the trading strategy [77][90]

Set stop loss and take profit to manage risk—automatically.Just toggle on Auto Close when opening a perps trade and you’ll be able to select your price targets. https://t.co/Jiw97fyiFq ...