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Seen people talk about "price hit resistance" and youโre just pretending to get it?
Resistance = a price level where people keep selling.
The price tries to break it, but gets pushed back down.
Until it doesnโt. ๐
You keep seeing people say "TP hit" or "SL saved me" and you're just nodding along? ๐
TP = Take Profit
SL = Stop Loss
One locks in gains, the other limits your losses. Both make sure emotions donโt wreck your trades.
Set them early. Thank yourself later. ๐ง
Many traders give up right before they start improving.
Progress doesnโt always show up fast, but that doesnโt mean itโs not happening.
Keep learning, stay patient, and let time do the work. ๐
Before you hit buy again, ask yourself:
ย
- Am I protecting my capital?
- Do I know my exit?
- Have I done the research?
ย
If your trading strategy doesnโt include risk management, then itโs not really a strategy.