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.
For this one, I did it on the futures market. Because I do more daily trading on the futures market. And stoploss + is useful to use when the trading pair we are entering still has a technical upward trend and when the initial profit target that we have determined has been met and the price has exceeded it, then if we still see an upward trend it is possible to occur and we do not want to release the position and Still hoping for more profits, we can shift the stop loss which was initially prepared to control losses to a stop loss to secure profits. I find it hard to explain. But this strategy can only be used on trading pairs that sentimentally and technically still have an upward trend. Like when trading volume is still increasing and there is no visible weakening. So this technique sounds like greed but it is only used to secure profits without having to close our positions in the market. For the spot market I rarely use it. Because of the spot market, I usually use large capital, so I choose to follow the results of analysis and planning that have been made carefully. especially fundamentally.