PRO TRADER TIP ☑️
When holding a long or short position, always implement a structured stop-loss strategy to protect your capital and lock in profits.
1: Set Your Stop-Loss Immediately
As soon as you enter a trade, place your stop-loss (SL). Risk management should always come before profit targeting.
2: Move Stop-Loss to Breakeven
Once the trade moves in your favor, adjust your stop-loss to your entry price to eliminate downside risk.
3: Trail Your Stop-Loss to Secure Profits
As price continues to move in your favor, progressively trail your stop-loss:
▪︎ If you enter at $1.00 and price rises to $1.10, move your SL to $1.00 (breakeven).
▪︎ If price increases to $1.20, move your SL to $1.10.
▪︎ Continue adjusting your stop-loss approximately 10–15% below the current price (for long positions), or equivalently above the current price for short positions.
This method ensures that:
▪︎ Your risk is controlled from the beginning.
▪︎ You eliminate the possibility of turning a winning trade into a loss.
▪︎ Profits are progressively secured as the market moves in your favor.
Disciplined stop-loss management is a key component of professional trading and long-term consistency.
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