I shift the Stoploss which was initially at a loss point of -1% to +1%. In this way, I manage the risk of loss and also ensure that I don't lose profits when the price suddenly drops again when my position was initially in a position to make a profit.
I don't think such a trick can be done. I usually only use it once and leave it. Do you also use it for spot trading? or is it more suitable or better used for futures trading?
I don't trade regularly, but I always set a stop loss for the target I set. This feature is very helpful for traders, especially for those who are just learning to trade or are in the early stages of trading.
You should make it a rule that the stop loss must be moved if the price moves in the direction you want. In this case, you are guaranteed to get a profit even if the price unexpectedly drops. In addition, you can not fix your profit in parts when the price has increased sufficiently, but simply move the stop loss, waiting for the price to increase even more.