BTC has jumped above it's 20 day high so I have entered into a long position (P1). Levels for P2, P3 & P4 are shown on chart.
As always position size is 1N. Stop Loss is at 2N (2% of portfolio size). Exit at 10 day low (lower than SL so not in play currently).
I will post updates below, so please follow!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
Note that volatility is reducing so the quantity being placed on remaining positions yet to activate (i.e. P2, P3 & P4) has increased and the trigger prices has reduced. See levels below compared to original levels above:
Maximum loss on open position is now 1.18%.
Total gain on all Turtle trades (see linked idea below) of 23.38%.
The SL is equal to 2N. ATR is 1N so SL is placed at 2*ATR above or below the breakout price. E.g. If ATR is 300 and breakout is long at 6000 then SL will be at 5400. Or if ATR is 500 and breakout is short at 5000 then SL will be at 4000. Keep in mind that as the volatility changes the ATR will change and this also changes the position size as per the example above.