[LONG] - 2 Day Trade - Bitstamp

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
613 4
Litte trade idea for next 1-2 days.

strict stop-loss bellow the neckline / 0.236 fib
Good risk/reward ratio of around 1:7

This trade has to go well 1 out of 7 times for you to make profit.
Seems doable :)
you can't really set tight stops on bitcoin.. it's too volatile for that :S
+1 Reply
I think the stop was perfect for this trade. trade didn't work => got stoped out very fast. only little loss.
With this risk/reward ratio you can afford to be wrong 7 out of 8 times and still be brake-even.
One big fish makes up for all the little losses from getting stopped.
All you have to do to get money is be right more than 1 out of 8 times. Even a monkey can do that
It hit your stop already :s
closed @ breakeven
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out