⏰ When to enter and exit the trade? The secrets of success that no one tells you! 👇🏻👇🏻
ALKING_TRADER
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⏰ When do you enter and exit a trade? The success secrets that no one tells you!
✅ Entry Time: Enter when the price bounces from a strong support area. This point is where the price starts to rise again after a decline, giving you a safe entry opportunity. Do not chase the price as it suddenly rises, as that increases the risk.
✅ Exit Time: Exit when the price reaches a strong resistance level. This point is where it becomes difficult for the price to break above, indicating that the market may reverse. Do not wait until the price starts to decline.
💰 Capital Management: Do not enter the trade with your entire capital. Use only 1% to 5% of your portfolio in each trade to reduce risk and protect your capital.
⚖️ Stop Loss and Take Profit: Set your stop loss and take profit before entering the trade. This helps you avoid making emotional decisions during market movements.
🚫 The Most Important Thing: Leave greed behind. Sticking to the plan is the key to success in trading, and do not rush for quick profits that may lead to significant losses.