Why should we specify profit and loss limits in futures transactions? Profit limit and loss limit can be specified for futures transactions in centralized exchanges. This feature of futures transactions helps traders to open their transactions within a certain range and avoid losses. Determining the profit limit and loss limit for a futures and futures transaction is necessary because the percentage of profit and loss of the transaction is determined and the trader can make a better decision. Most of the professional traders use this feature in futures transactions to clarify the task of a transaction as soon as possible. Do you also set profit and loss limits for your futures transactions??
So why do we need to set profit and loss limits for futures transactions?
In general, specifying the limit of profit and limit of loss in futures transactions can optimize the position. When you define profit and loss points for a transaction, you have actually prevented liquidation and falling into losses, and on the other hand, you have specified your profit expectation from the transaction. Apart from these points, determining the limit of profit and limit of loss helps to schedule the transaction, and with this, you will be comfortable with the transaction that is running, wherever you are, whether you are connected to the Internet or not, whether your system is in your hand or No, in any situation, what you defined for the transaction will happen, so there is no need to worry.
Note: If you are new and have just focused on futures trading, note that with any trading strategy you go ahead, the trade profit limit must be higher than the trade entry point and the trade loss limit must be lower than the trade entry point and higher than The point is liquid.
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