breakeven method:


Firstly, it depends on the position. For those in shallow traps, they can break even by taking advantage of rebound markets or reducing positions at highs; for those in deep traps, they can partially build positions or add to their positions at highs to lower their average cost and take control of their mindset.
Secondly, handle according to the buying trend of the currency. If the currency is in a downtrend, stop-loss should be executed immediately after the trend is confirmed to avoid hesitation leading to deep trap; if in a balanced oscillation trend, there is no need to stop-loss immediately, wait until it enters the high point of the oscillation, breakeven or decisively exit if the loss is small; if in an uptrend, there is no need to stop-loss, hold patiently, the possibility of breakeven and significant profit is relatively large.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)