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Talha Cheemaa
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Talha Cheemaa
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📈 In trading, knowing *when to exit is just as important as knowing when to enter.* A well-thought-out exit strategy helps you lock in profits, cut losses early, and avoid emotional decisions—especially when markets get volatile. *Let’s break down 3 of the most commonly used exit strategies:* *🔹 Stop-Loss Orders* A stop-loss automatically closes your position when the asset price drops to a set level. This helps protect your capital if the market moves against you. It’s one of the most important tools for risk management, especially during sudden price swings. *🔹 Take-Profit Orders* These orders let you secure profits by closing your position once your target price is reached. Take-profits remove the guesswork and help you stick to your plan without getting greedy or second-guessing your decision. *🔹 Trailing Stops* Trailing stop-losses move with the market price. If the price goes up, the stop price adjusts accordingly—helping you lock in gains as the trade becomes more profitable. But if the price drops by a set percentage or amount, your position will automatically close. 🧠 Want to learn *about 2 more strategies* that help reduce the emotional pressure of exiting too early—or too late? 👉 Read the full guide here: https://s.binance.com/VixlhWTL
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Binance Will Add Spark (SPK) on Earn, Buy Crypto, Convert, Margin & Futures 👉🏻Learn More: https://s.binance.com/cFkW6Pcd
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