My Take Profit and Stop Loss Setting Method

Let me share my method for setting take profit and stop loss:

1. Technical Stop Loss
   • Long: Set stop loss below the support level
   • Short: Set stop loss above the resistance level
   • Leave 1-2% space to prevent false breakouts
2. Percentage Stop Loss
   • Set based on volatility
   • BTC generally 2-3%
   • Altcoins 3-5%

1. Fixed Risk-Reward Ratio
   • At least a 1:2 risk-reward ratio
   • Ideally 1:3
2. Trailing Take Profit
   • Gradually move up the stop loss after making a profit
   • Protect profits while allowing them to run
3. Partial Take Profit
   • Upon reaching Target 1: Close 50%
   • Upon reaching Target 2: Close 30%
   • Remaining 20%: Move stop loss

• ❌ Not setting a stop loss
• ❌ Setting stop loss too close and getting stopped out
• ❌ Not taking profits after gains, riding the roller coaster
• ❌ Moving stop loss after losses (holding the position)

Discipline is the lifeline of contract trading!