Rob.Reynolds

BTCUSD: I made more on BTC than 99% of traders

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Have a great day all
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Why do you sell ... and not move your stop way up? Let the market take you out ..
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Rob.Reynolds tranquille
@tranquille, current price action is frothy and a correction is likely soon. If I were to move my stop loss too high I run the risk of getting stopped out of my entire position. I posted a video recently outlining why I believe €30k is possible and I'm playing for that target. Taking 30% off the table brings my risk WAY down, I can sit through a 50% correction should it come and still be profitable.
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tranquille Rob.Reynolds
@Rob.Reynolds, True and understand that. With such a nice runup it's okay to de-risk way above the initial targetzone. Congrats and keep up the great work!!
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Have you become a millionaire Rob :)

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