When the order is profitable, and the profit exceeds 2%-6% or more, you should move your stop-loss point to the opening price or choose to stay or leave appropriately. This is the basic preparation for risk management to ensure your profits and principal are not lost.
When placing follow-up orders, once a certain profit margin is reached, take 50% profit and leave 50% stop-loss. Immediately adjust to the opening price. When encountering risk, also, for your open orders, if there is a loss of about 5% due to price fluctuations, consider whether to stop loss 50% of the position to control risk. Additionally, the original stop-loss point cannot be changed.
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When the order is profitable, and the profit exceeds 2%-6% or more, you should move your stop-loss point to the opening price or choose to stay or leave appropriately. This is the basic preparation for risk management to ensure your profits and principal are not lost.
When placing follow-up orders, once a certain profit margin is reached, take 50% profit and leave 50% stop-loss. Immediately adjust to the opening price. When encountering risk, also, for your open orders, if there is a loss of about 5% due to price fluctuations, consider whether to stop loss 50% of the position to control risk. Additionally, the original stop-loss point cannot be changed.