Post
Mike On The Move
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Let me remind you how I’ve kept my PnL consistently profitable over the past 10 years 📊🔥
Everything comes down to discipline and sticking to the plan — no exceptions.
• When a trade reaches +3–4% profit, always move your stop-loss into profit
(I usually move it close to entry so if price reverses, I don’t even lose the trading fee).
• When price hits TP1 → take 50% profit
• When price hits TP2 → take 30% profit
• When price hits TP3 → close the full position
Most of the time, one trade reaching TP2 or TP3 can cover losses from 2–3 trades hitting stop-loss. That’s how you stay consistently profitable.
And most importantly - be strict with your capital management and stay disciplined.
Everything comes down to discipline and sticking to the plan — no exceptions.
• When a trade reaches +3–4% profit, always move your stop-loss into profit
(I usually move it close to entry so if price reverses, I don’t even lose the trading fee).
• When price hits TP1 → take 50% profit
• When price hits TP2 → take 30% profit
• When price hits TP3 → close the full position
Most of the time, one trade reaching TP2 or TP3 can cover losses from 2–3 trades hitting stop-loss. That’s how you stay consistently profitable.
And most importantly - be strict with your capital management and stay disciplined.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.