Market surges high, don't rush to chase! Here are some points to remind you, helping you protect profits and stay calm:
🔼 Take profit in stages during a rapid rise: If your position is already profitable, consider gradually taking profits during the quick surge to secure gains. Don't always try to sell at the highest point; exiting in stages is more prudent.
🔼 Watch volume in conjunction with price action: If the price rises without sustained volume support, it may be overextended. Be cautious of shrinking volume leading to a peak, and beware of a quick pullback.
🔼 Don't blindly chase the rally: If you've missed the initial move, don't force yourself to buy in. It's better to wait for a pullback confirmation than to buy at emotional highs.
🔼 Set a trailing stop-loss: If you continue to hold, gradually raise your stop-loss to lock in profits while allowing the trend to continue.
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Market surges high, don't rush to chase! Here are some points to remind you, helping you protect profits and stay calm:
🔼 Take profit in stages during a rapid rise: If your position is already profitable, consider gradually taking profits during the quick surge to secure gains. Don't always try to sell at the highest point; exiting in stages is more prudent.
🔼 Watch volume in conjunction with price action: If the price rises without sustained volume support, it may be overextended. Be cautious of shrinking volume leading to a peak, and beware of a quick pullback.
🔼 Don't blindly chase the rally: If you've missed the initial move, don't force yourself to buy in. It's better to wait for a pullback confirmation than to buy at emotional highs.
🔼 Set a trailing stop-loss: If you continue to hold, gradually raise your stop-loss to lock in profits while allowing the trend to continue.
✨ Rapid increases are often followed by quick corrections; staying calm helps prevent being led astray by the market.
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