$MMT
📌 Buy Entry: 180.50
➡️ SL: 179.80
If the price drops to 179.80 → the trade closes automatically, limiting your loss.
📊 3) Why Entry + SL Are Important
✅ Entry decides trade direction
✅ SL controls risk
➡️ Helps maintain discipline and avoids emotional decisions.
📐 Simple Rule (Easy & Useful)
Step
Purpose
1. Identify trend
Know the market direction
2. Decide entry
Set Buy or Sell level
3. Set SL
Control your risk
📌 Easy Formula
➡️ Risk per trade = (Entry – Stop‑Loss) × Lot size
SL far away → more risk
SL close → less risk
📍 Visual Example
Sell Example
SELL FLOW ↓
-----------------------------
Entry: 280.00
SL: 281.00
TP: 276.00
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Buy Example:
↑ BUY FLOW
-----------------------------
Entry: 180.50
SL: 179.80
TP: 183.00
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🧠 Pro Tip
Always place SL at a logical level, not just close by.
Look at market structure: support/resistance, trend, and volatility.
Tip: Follow the trend – if price breaks support, the bearish move can accelerate.#MMT #writetoearnings #binancesquare
