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0matteosamfx
using a fixed profit target or employing a trailing stop approach
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May 23, 2023 at 23:05
Hi NathanialChen.Hello everyone!I hope you're doing well. Regarding your question, I would like to discuss the two approaches you mentioned: fixed profit targets and trailing stops.A fixed profit target refers to setting a predetermined price level at which you plan to exit a trade and secure your profits. This approach allows for a clear and predefined exit strategy, ensuring you lock in your desired gains.On the other hand, a trailing stop approach involves adjusting your stop-loss order as the price moves in your favor. This means that if the price increases, the stop-loss level is adju...
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