Many Web3 trading techniques have evolved from traditional finance. I often use OKX's mobile take profit and stop loss function in my personal account. For example, when I go hiking outdoors and may not have access to the internet for a long time, I will put up a mobile take profit and stop loss to better lock in profits and reduce drawdown! I used to work in the traditional financial industry for a period of time in foreign exchange, and the commonly used "trailing stop" function was its original reference. Assuming the euro against the US dollar rises from 1.08 to 1.12, set a 200 point pullback protection. As long as the exchange rate does not return to 200 points, the position will continue to be held; Once the withdrawal occurs, immediately liquidate the position and perfectly eat the full wave of trend profits. This is a very good plan. The same goes for the cryptocurrency market. For example, if the price of Bitcoin rises from 80000 to 110000 and then falls back, when you set a 10% retracement trigger, only when the price falls back 10% from the current highest point (i.e. to 99000) will it be shipped. Compared to traditional fixed take profit stop loss, it has gained tens of thousands of dollars in profits and does not require long-term market monitoring. It has more time to invest in research or do one's own thing! Additionally, I would like to share a tip for everyone. In the trend of oscillating boxes, a composite strategy can be used, combining moving stop loss with grid trading. For example, setting an initial 3% callback stop loss, compressing the 1% callback ratio every 10% before breaking through, forming a "pyramid strategy" with tighter protection as the price rises. This plan has been proven effective in horizontal trading! If ordinary take profit and stop loss is like a fixed sentry post, and mobile take profit and stop loss is an intelligent tracker, using this function well will achieve twice the result with half the effort! 🧐