Generally, you wait for a K-bar to confirm support/resistance at the close before entering, with the stop loss set above the highest point of this K-bar, approximately 1%-1.5%.
2️⃣Small Profit:
In a normal 1h structural wave segment, 2.5-5% is the basic level that can be reached.
3️⃣Big Profit:
Sudden messy news appears, leading to big green/red bars, 10% upwards, something that is hard to come by.
‼️Setting a stop loss eliminates large losses. Large losses occur when no stop loss is set or when one holds onto a losing position.
The rest is a matter of winning rate. Those who earn continuously are most afraid of losing once. In the long run, it is actually the most stable to have a mix of losses and gains.
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Individuals are doing on $ETH —
"Small Loss, Small Profit, Big Profit"
1️⃣Small Loss:
Generally, you wait for a K-bar to confirm support/resistance at the close before entering, with the stop loss set above the highest point of this K-bar, approximately 1%-1.5%.
2️⃣Small Profit:
In a normal 1h structural wave segment, 2.5-5% is the basic level that can be reached.
3️⃣Big Profit:
Sudden messy news appears, leading to big green/red bars, 10% upwards, something that is hard to come by.
‼️Setting a stop loss eliminates large losses. Large losses occur when no stop loss is set or when one holds onto a losing position.
The rest is a matter of winning rate. Those who earn continuously are most afraid of losing once. In the long run, it is actually the most stable to have a mix of losses and gains.