📈 Four-Step Checklist Before Trading
Ready to execute your next trade? Ensure you follow these four essential steps to manage your risk and stay disciplined!
1. Identify Trade Setup
* Know what you are trading and why.
* Analyze the market (technical and fundamental).
2. Assess Trade Triggers
* Define the precise conditions (entry price, indicators, etc.) that must be met before you enter the trade.
3. Determine Position Size
* Calculate how much capital you will allocate to this trade. Never risk more than you can afford to lose.
4. Set Up Take-Profit & Stop-Loss Levels
* Define your exit strategy before entering.
* Take-Profit: Where will you secure your gains?
* Stop-Loss: Where will you cut your losses?
> ⚠️ Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up. Always trade responsibly.
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#TradingChecklist #RiskManagement #CryptoTrading
