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Entry, SL, and TP Trading Guide

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mahmudkhaleed74
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103 views1 page

Entry, SL, and TP Trading Guide

I want to learning more about it

Uploaded by

mahmudkhaleed74
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SL, TP, and Entry Guide

1■■ Entry (Where you enter the trade)


• Entry is the price where you decide to buy or sell an asset.
• Buy Entry: Expect the price to go up.
• Sell Entry: Expect the price to go down.

2■■ SL (Stop Loss – where you cut your losses)


• SL is your safety net. It automatically closes your trade if the price goes against you.
• Example: Buy at 1.1000, SL at 1.0980 → you lose only 20 pips if price falls.

3■■ TP (Take Profit – where you secure profit)


• TP automatically closes your trade when price hits your target.
• Example: Buy at 1.1000, TP at 1.1050 → you make 50 pips profit if price rises.

4■■ How to set SL and TP


• Risk/Reward Ratio: Many traders use 1:2 or 1:3. Example: SL = 20 pips, TP = 40 pips.
• Support/Resistance: Place SL below support for buys, above resistance for sells.

5■■ Example Trade Setup


Buy BTC at $30,000, SL at $29,500, TP at $31,000. Risk $500, profit $1,000 (1:2 ratio).

■ Tip: Always use SL and TP to protect your money and lock profits.

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