trailingcrypto

  So, you are a regular crypto trader? Every day, you spend hours analyzing the market, looking for price action patterns, cross-checking the market trends and news, drawing resistance and support on the chart. Isn’t it? Finally, you find a perfect and profit making trade. And, exactly at the right time, you enter a trade. But, now what’s next when you are in the trade? Is all your work done? No, of course not! Exit strategies and trade management are equally important. It’s something which requires a lot of attention to earn good profits. As we all know that cryptocurrency market is highly volatile, so it’s mandatory for the trader to automate their trades. The best way to multiply your profits is to have a profit taking strategy in place. In all kinds of long-term or short-term crypto trading investments, deciding the right time to exit the position is important.   The best crypto trading platform like TrailingCrypto allows its traders to play and win the crypto t...

While placing any kind of trade, money management is one of the most important aspects that one must consider. Many traders spend hours in fine-tuning their entry strategies, but at last, they blow out their accounts taking the bad exits.  If fact, most of crypto traders lack an effective exit planning, and are often more likely to take premature profits or run losses. Every investment has an entry and exit plan! You need the right exit plan/strategy to make sure that you stick to the decisions you’ve outlined in your crypto trading plan. Without the right strategy, you are most likely to make decisions based on emotions like greed or fear.  So, an exit strategy is integral to any crypto trading plan. Basically, a trade plan is designed by a trader to predetermine their exit strategy. There are two ways where one can get out of trade: by taking profits or by making a loss. And, when talking about exit strategies take-profit and stop-loss orders are referred to as the best exit...